The Treasury Department Wednesday auctioned $13 billion of 29-year, 11-month bonds with a 3 3/4% coupon at a 3.310% high yield and a price of 108.310327.

The bid-to-cover ratio was 2.85.

Tenders at the high yield were allotted 74.48%.

The median yield was 3.285%. The low yield was 3.240%.

Tenders totaled $37,072,010,200 and the Treasury accepted $13,000,034,200, including $14,793,200 of noncompetitive.

The bonds, dated Aug. 15, will mature Aug. 15, 2041.

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