The Treasury Department Thursday auctioned $13 billion of 29-year 10-month bonds with a 3 1/8% coupon at a 2.998% high yield, a price of 102.487803.

The bid-to-cover ratio was 2.49.

Tenders at the high yield were allotted 33.48%.

The median yield was 2.950%. The low yield was 2.900%.

Tenders totaled $32,400,770,900 and the Treasury accepted $13,000,012,900 including $5,520,900 non-competitive.

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

The bonds dated Feb. 15, will mature Feb. 15, 2043.

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