The Treasury Department auctioned $29 billion of seven-year notes, with a 2 1/8% coupon, a 2.235% high yield, a price of par.
The bid-to-cover ratio was 2.48.
Tenders at the high yield were allotted 61.20%. All competitive tenders at lower yields were accepted in full.
The median yield was 2.197%. The low yield was 2.117%.
Tenders totaled $71,859,187,500 and the Treasury accepted $29,000,003,500 including $18,787,500 non-competitive.
The Fed banks bought none for their own account in exchange for maturing securities.
The notes are dated Sept. 30 and are due Sept. 30, 2021.