The Treasury Department Tuesday auctioned $12 billion of 29-year 11 month bonds with a 3% coupon at a 2.870% high yield, a price of 102.595435.
The bid-to-cover ratio was 2.32.
Andrew Harrer/Bloomberg
Tenders at the high yield were allotted 63.87%.
The median yield was 2.820%. The low yield was 2.720%.
Tenders totaled $27,829,716,700 and the Treasury accepted $12,000,003,200 including $2,460,700 non-competitive.
The Fed banks purchased nothing for their own account.
The bonds dated May 15, will mature May 15, 2047.
