NEW YORK - The Treasury Department today auctioned $16 billion of 30-year bonds with a 3 7/8% coupon at a 3.954% high yield, a price of 98.619129.
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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%.
Tenders totaled $44,273,930,900 and the Treasury accepted $16,000,008,900 including $53,470,900 non-competitive.
The Fed banks also bought $958,131,400 for their own account in exchange for maturing securities.
The bonds, dated Aug. 15, will mature Aug. 15, 2040.
