The Treasury Department Thursday auctioned $12 billion of 29-year 11-month bonds with a 2.50% coupon at a 2.475% high yield, a price of 100.524034.
The bid-to-cover ratio was 2.42.
Tenders at the high yield were allotted 63.49%.
The median yield was 2.430%. The low yield was 2.300%.
Tenders totaled $29,080,860,100 and the Treasury accepted $12,000,014,600 including $2,731,100 non-competitive.
The Fed banks also bought nothing for their own account in exchange for maturing securities.
The bonds dated May 15, will mature May 15, 2046.
