NEW YORK - The Treasury Department today auctioned $16 billion of 30-year bonds with a 3 3/4% coupon at a 3.750% high yield, a price of 100.000000.
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The bid-to-cover ratio was 2.08.
Tenders at the high yield were allotted 41.74%.
The median yield was 3.629%. The low yield was 3.537%.
Tenders totaled $33,320,655,600 and the Treasury accepted $16,000,015,600 including $14,855,600 non-competitive.
The Fed banks also bought $489,928,400 for their own account in exchange for maturing securities.
The bonds, dated August 15, will mature August 15, 2041.
