U.S. 7-year notes high yield 4.473%

The U.S. Treasury Department said its Dutch bidding auction of 7-year notes brought these results:

7-year notes

Yields

• High 4.473%
• Median 4.405%
• Low 4.300%

Price/acceptances

• Price 99.416549
• Accepted at high 95.17%
• Bid-to-cover ratio 2.49

Amounts tendered and accepted (dollars)

• Total accepted 44,000,001,200
• Total public bids tendered 109,405,291,200
• Competitive bids accepted 43,909,474,000
• Noncompetitive bids accepted 90,527,200
• Fed add-ons 4,864,689,800
• Primary Dealer Tendered 61,402,000,000
• Primary Dealer Accepted 5,694,510,000
• Direct Bidder Tendered 11,925,500,000