NEW YORK - The Treasury Department Wednesday auctioned $13 billion of 29-year 11-month bonds with a 3% coupon at a 2.720% high yield, a price of 105.703794.
The bid-to-cover ratio was 2.40.
Tenders at the high yield were allotted 32.38%.
The median yield was 2.679%. The low yield was 2.618%.
Tenders totaled $31,164,336,600 and the Treasury accepted $13,000,001,600 including $8,656,600 non-competitive.
The Fed banks also bought $917,863,600 for their own account in exchange for maturing securities.
The bonds, dated May 15, 2012, will mature May 15, 2042.
