The Treasury Department Wednesday auctioned $12 billion of 29-year 11-month bonds with a 2 3/4% coupon at a 2.790% high yield, a price of 99.189503.

The bid-to-cover ratio was 2.21.

Tenders at the high yield were allotted 20.40%.

The median yield was 2.739%. The low yield was 2.188%.

Tenders totaled $26,488,241,700 and the Treasury accepted $12,000,001,700 including $4,213,700 non-competitive.

The Fed banks purchased nothing for their own account.

The bonds dated Aug. 15, will mature Aug. 15, 2047.

Treasury building.
Treasury building.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.
Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.