The Treasury Department Thursday auctioned $15 billion of 30-year bonds with a 2 3/4% coupon at a 2.818% high yield, a price of 98.629206.

The bid-to-cover ratio was 2.32.

Bloomberg News

Tenders at the high yield were allotted 67.73%.

The median yield was 2.760%. The low yield was 2.388%.

Tenders totaled $34,788,207,600 and the Treasury accepted $15,000,005,100 including $2,818,600 non-competitive.

The Fed banks purchased $4,513,306,400 for their own account.

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

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Gary Siegel

Gary Siegel

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