The Treasury Department on Thursday auctioned $12 billion of 29-year 10-month bonds with a 2 3/4% coupon at a 2.870% yield, a price of 97.601366.
The bid-to-cover ratio was 2.53.
Tenders at the high yield were allotted 23.37%.
The median yield was 2.824% while the low yield was 2.500%.
Tenders totaled $30,360,091,400 and the Treasury accepted $12,000,002,900, including $4,905,400 non-competitive.
The bonds are dated Aug. 15 and are due Oct. 16, 2047.
The market has seen a trend of "happy endings to each week, disappointing Mondays," according to James Pruskowski, managing director at Hennion & Walsh.
"We're going to have some weak days, we're going to have some stronger days, maybe they wash out against each other," said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.
They are seeking legislation on transportation, water and other topics.
A major multiple-amended housing bill that is expected to expand the use of private activity bonds passes the House and bounces back to the Senate, but obstacles remain over provisions regulating institutional investors.
The former Massachusetts congressman "was a true champion for the municipal bond market," GFOA's Emily Brock said.
The Trump administration took over the Penn Station renovation a year ago, accusing the MTA of mismanagement.
