Treasury 30-year bonds go at 2.790% high yield

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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.

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