NEW YORK - The Treasury Department today auctioned $13 billion of 29-year 10-month bonds with a 3 7/8% coupon at a 3.852% high yield, a price of 100.397647.
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The bid-to-cover ratio was 2.49.
Tenders at the high yield were allotted 21.59%.
The median yield was 3.782%. The low yield was 3.700%.
Tenders totaled $32,339,462,300 and the Treasury accepted $13,000,006,300 including $12,112,300 non-competitive.
The Fed banks also bought $114,242,400 for their own account in exchange for maturing securities.
The bonds, dated Aug. 15, will mature Aug. 15, 2040.
