NEW YORK - 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, 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%.
Tenders totaled $35,084,655,600 and the Treasury accepted $13,000,002,600 including $7,505,600 non-competitive.
The Fed banks also bought $902,655,800 for their own account in exchange for maturing securities.
The bonds, dated Feb. 15, 2011, will mature Feb. 15, 2042.