The Treasury Department Thursday auctioned $16 billion of 30-year bonds with a 2 7/8% coupon at a 2.980% high yield, a price of 97.927211.
The bid-to-cover ratio was 2.53.
Tenders at the high yield were allotted 62.31%.
The median yield was 2.944%. The low yield was 2.899%.
Tenders totaled $40,481,594,800 and the Treasury accepted $16,000,063,300 including $12,264,800 non-competitive.
The Fed banks also bought nothing for their own account in exchange for maturing securities.
The bonds dated May 15, will mature May 15, 2043.
