The Treasury Department Wednesday auctioned $13 billion of 29-year, 11-month bonds with a 3 1/8% coupon at a 3.383% high yield and a price of 95.165202. The bid-to-cover ratio was 2.70.

Tenders at the high yield were allotted 74.55%. The median yield was 3.320%. The low yield was 3.200%.

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