NEW YORK - The Treasury Department today auctioned $13 billion of 29-year 10-month bonds with a 3 3/4% coupon at a 3.120% high yield, a price of 112.166894.
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The bid-to-cover ratio was 2.94.
Tenders at the high yield were allotted 84.23%.
The median yield was 3.095%. The low yield was 3.000%.
Tenders totaled $38,254,900,000 and the Treasury accepted $12,986,795,500 including $13,211,700 non-competitive.
The Fed banks also bought nothing for their own account in exchange for maturing securities.
The bonds, dated Oct. 17, will mature August 15, 2041.
