The Treasury Department Thursday auctioned $16 billion of 30-year bonds with a 3 5/8% coupon at a 3.690% high yield, a price of 98.826296.
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The bid-to-cover ratio was 2.27.
Tenders at the high yield were allotted 93.68%.
The median yield was 3.660%. The low yield was 3.600%.
Tenders totaled $36,384,627,700 and the Treasury accepted $16,000,018,300 including $16,062,700 non-competitive.
The Fed banks also bought nothing for their own account in exchange for maturing securities.
The bonds dated February 15, will mature February 15, 2044.
