NEW YORK - The Treasury Department today auctioned $16 billion of 30-year bonds with a 3 1/8% coupon at a 3.199% high yield, a price of 98.579514.
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The bid-to-cover ratio was 2.40.
Tenders at the high yield were allotted 24.17%.
The median yield was 3.100%. The low yield was 2.970%.
Tenders totaled $38,384,098,800 and the Treasury accepted $16,000,025,800 including $11,498,800 non-competitive.
The Fed banks also bought $1,224,243,600 for their own account in exchange for maturing securities.
The bonds, dated Nov. 15, will mature Nov. 15, 2041.
