The Treasury Department Thursday auctioned $16 billion of 30-year bonds with a 3 3/4% coupon at a 3.810% high yield, a price of 97.618838.

The bid-to-cover ratio was 2.16.

Tenders at the high yield were allotted 73.59%.

The median yield was 3.758%. The low yield was 3.700%.

Tenders totaled $34,627,587,200 and the Treasury accepted $16,000,044,800 including $15,487,200 non-competitive.

The Fed banks also bought nothing for their own account in exchange for maturing securities.

The bonds dated November 15, will mature November 15, 2043.

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