The Treasury Department Thursday auctioned $12 billion of 29-year 10-month bonds with a 2.25% coupon at a 2.470% high yield, a price of 95.372563.
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The bid-to-cover ratio was 2.44.
Tenders at the high yield were allotted 48.90%.
The median yield was 2.425%. The low yield was 2.300%.
Tenders totaled $29,268,487,800 and the Treasury accepted $12,000,031,000 including $6,888,800 non-competitive.
The Fed banks also bought nothing for their own account.
The bonds dated Aug. 15, will mature Aug. 15, 2046.
