The Treasury Department yesterday auctioned $12 billion of 29-year 10-month bonds with a 4 1/2% coupon at a 4.009% high yield, a price of 108.490231.
The bid-to-cover ratio was 2.37. Tenders at the high yield were allotted 27.53%. The median yield was 3.930%. The low yield was 3.825%.
Tenders totaled $28,440,982,700 and the Treasury accepted $12,000,006,700.