NEW YORK - The Treasury Department today auctioned $13 billion of 29-year, 11-Month bonds with a 3 7/8% coupon at a 3.820% high yield, a price of 100.970530.
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The bid-to-cover ratio was 2.73.
Tenders at the high yield were allotted 59.64%.
The median yield was 3.755%. The low yield was 3.690%.
Tenders totaled $35,459,595,900 and the Treasury accepted $13,000,057,900 including $14,295,900 non-competitive.
The Fed banks also bought $140,636,300 for their own account in exchange for maturing securities.
The bonds, dated Sept. 15, will mature Aug. 15, 2040.
