NEW YORK - The Treasury Department today auctioned $13 billion of 29-year 11-month bonds with a 4 3/8% coupon at a 4.182% high yield, a price of 103.270808.
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The bid-to-cover ratio was 2.87.
Tenders at the high yield were allotted 84.84%.
The median yield was 4.140%. The low yield was 4.080%.
Tenders totaled $37,334,370,900 and the Treasury accepted $13,000,000,900 including $25,970,900 non-competitive.
The Fed banks also bought $75,028,500 for their own account in exchange for maturing securities.
The bonds, dated June 15, will mature May 15, 2040.
