NEW YORK - The Treasury Department today auctioned $13 billion of 29-year 10-month bonds with a 3 1/8% coupon at a 2.985% high yield, a price of 102.746849.
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The bid-to-cover ratio was 2.60.
Tenders at the high yield were allotted 69.80%.
The median yield was 2.914%. The low yield was 2.800%.
Tenders totaled $33,754,402,900 and the Treasury accepted $13,000,002,900 including $13,202,900 non-competitive.
The Fed banks also bought $922,652,900 for their own account in exchange for maturing securities.
The bonds, dated Nov. 15, 2011, will mature Nov. 15, 2041.
