Treasury 30-year bonds auctioned at 2.87% high yield
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.