NEW YORK - The Treasury Department Wednesday auctioned $13 billion of 29-year, 10-month bonds with a 3 1/8% coupon at a 3.230% high yield, a price of 95.165202.
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The bid-to-cover ratio was 2.76.
Tenders at the high yield were allotted 23.17%.
The median yield was 3.171%. The low yield was 3.100%.
Tenders totaled $35,884,730,300 and the Treasury accepted $13,000,009,800 including $5,030,300 non-competitive.
The Fed banks also bought $2,365,458,100 for their own account in exchange for maturing securities.
The bonds, dated Feb. 15, 2012, will mature Feb. 15, 2042.
