The Treasury Department Thursday auctioned $13 billion of 29-year 10-month bonds with a 2 3/4% coupon at a 2.904% high yield, a price of 96.936227.

The bid-to-cover ratio was 2.49.

Tenders at the high yield were allotted 96.46%.

The median yield was 2.844%. The low yield was 2.797%.

Tenders totaled $32,369,563,200 and the Treasury accepted $13,000,014,200 including $5,313,200 non-competitive.

The Fed banks also bought nothing for their own account in exchange for maturing securities.

The bonds dated Aug. 15, 2012, will mature Aug 15, 2042.

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