NEW YORK - The Treasury Department today auctioned $13 billion of 29-year 10-month bonds with a 4 3/8% coupon at a 4.080% high yield, a price of 105.053815.
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The bid-to-cover ratio was 2.89.
Tenders at the high yield were allotted 39.23%.
The median yield was 4.039%. The low yield was 3.970%.
Tenders totaled $37,634,674,300 and the Treasury accepted $13,000,015,800 including $14,874,300 non-competitive.
The Fed banks also bought $3,691,300 for their own account in exchange for maturing securities.
The bonds, dated May 15, will mature May 15, 2040.
