The Treasury Department Thursday auctioned $16 billion of 30-year bonds with a 3 7/8% coupon at a 3.954% high yield and a price of 98.619129.

The bid-to-cover ratio was 2.77. Tenders at the high yield were allotted 55.98%. The median yield was 3.890%. The low yield was 3.800%.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.