The Treasury Department Thursday auctioned $13 billion of 29-year 10-month bonds with a 2 3/4% coupon at a 3.070% high yield, a price of 93.772210.

The bid-to-cover ratio was 2.77.

Tenders at the high yield were allotted 5.45%.

The median yield was 3.032%. The low yield was 2.980%.

Tenders totaled $36,048,702,900 and the Treasury accepted $13,000,000,900 including $10,285,400 non-competitive.

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

The bonds dated Nov. 15, 2012, will mature Nov. 15, 2042.

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