The Treasury Department Thursday auctioned $12 billion of 29-year 10-month bonds with a 3% coupon at a 2.936% high yield, a price of 101.261161.
The bid-to-cover ratio was 2.31.
Andrew Harrer/Bloomberg
Tenders at the high yield were allotted 30.56%.
The median yield was 2.870%. The low yield was 2.500%.
Tenders totaled $27,676,034,300 and the Treasury accepted $12,000,014,300 including $4,044,300 non-competitive.
The Fed banks purchased $273,906,900 for their own account.
The bonds dated May 15, will mature May 15, 2047.
