The Treasury Department Thursday auctioned $12 billion of 29-year 10-month bonds with a 2 3/4% coupon at a 2.867% high yield (2.801% at original auction), a price of 97.660428.

Bloomberg News

The bid-to-cover ratio was 2.74.

Tenders at the high yield were allotted 41.08%.

The median yield was 2.834%. The low yield was 2.288%.

Tenders totaled $32,886,096,200 and the Treasury accepted $12,000,009,400 including $2,656,200 non-competitive.

The Fed banks purchased $406,389,000 for their own account.

The bonds dated Nov. 15, will mature Nov. 15, 2047.

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