NEW YORK - The Treasury Department today 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.
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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 including $18,882,700 non-competitive.
The Fed banks also bought $93,846,100 for their own account in exchange for maturing securities.
The bonds, dated Aug. 15, will mature Aug. 15, 2039.
