Treasury 30-Year Bonds Go At 4.720% High Yield

The Treasury Department yesterday auctioned $16 billion of 30-year bonds with a 4 5/8% coupon at a 4.720% high yield, a price of 98.483611. The bid-to-cover ratio was 2.36.

Tenders at the high yield were allotted 61.57%. The median yield was 4.640%. The low yield was 4.536%. Tenders totaled $37,758,111,300 and the Treasury accepted $16,000,007,000, including $19,911,300 of noncompetitive.

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