The Treasury Department Thursday auctioned $13 billion of 29-year 11-month bonds with a 2 3/4% coupon at a 2.896% high yield, a price of 97.088998.
The bid-to-cover ratio was 2.68.
Tenders at the high yield were allotted 70.84%.
The median yield was 2.860%. The low yield was 2.800%.
Tenders totaled $34,884,951,500 and the Treasury accepted $13,000,001,500 including $10,051,500 non-competitive.
The Fed banks also bought nothing for their own account in exchange for maturing securities.
The bonds dated Aug. 15, 2012, will mature Aug 15, 2042.
