The Treasury Department Thursday auctioned $12 billion of 29-year 10-month bonds with a 2.50% coupon at a 2.172% high yield, a price of 107.171412.
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The bid-to-cover ratio was 2.48.
Tenders at the high yield were allotted 93.96%.
The median yield was 2.130%. The low yield was 2.000%.
Tenders totaled $29,816,563,800 and the Treasury accepted $12,000,000,200 including $3,090,800 non-competitive.
The Fed banks also bought $781,586,800 for their own account in exchange for maturing securities.
The bonds dated May 15, will mature May 15, 2046.
