The Treasury Department Thursday auctioned $13 billion of 29-year 11-month bonds with a 2 7/8% coupon at a 3.355% high yield, a price of 90.978135.
The bid-to-cover ratio was 2.47.
Tenders at the high yield were allotted 47.11%.
The median yield was 3.285%. The low yield was 3.245%.
Tenders totaled $32,091,472,600 and the Treasury accepted $13,000,004,600 including $3,472,600 non-competitive.
The Fed banks also bought nothing for their own account in exchange for maturing securities.
The bonds dated May 15, will mature May 15, 2043.