The Treasury Department auctioned $28 billion of seven-year notes, with a 2 1/8% coupon and a 2.215% high yield, a price of 99.419378.
The bid-to-cover ratio was 2.68.
Tenders at the high yield were allotted 1.80%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.170%. The low yield was 2.041%.
Tenders totaled $78,093,830,700 and the Treasury accepted $30,980,130,700 including $16,389,300 non-competitive.
The Fed banks bought $2,980,092,400 for their own account.
The notes are dated Nov. 30 and are due Nov. 30, 2023.