NEW YORK - The Treasury Department today auctioned $13 billion of 29-year 11-month bonds with a 3 1/8% coupon at a 2.925% high yield, a price of 103.966337.
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The bid-to-cover ratio was 3.05.
Tenders at the high yield were allotted 98.64%.
The median yield was 2.890%. The low yield was 2.815%.
Tenders totaled $39,634,965,000 and the Treasury accepted $13,000,011,000 including $20,395,000 non-competitive.
The Fed banks also bought $475,773,100 for their own account in exchange for maturing securities.
The bonds, dated Nov. 15, will mature Nov. 15, 2041.
