NEW YORK - The Treasury Department today auctioned $13 billion of 29-year 11-month bonds with a 3 3/4% coupon at a 3.310% high yield, a price of 108.310327.
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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 non-competitive.
The Fed banks also bought nothing for their own account in exchange for maturing securities.
The bonds, dated August 15, will mature August 15, 2041.
