NEW YORK - The Treasury Department today auctioned $13 billion of 29-year 10-month bonds with a 4 3/8% coupon at a 4.198% high yield, a price of 102.985551.
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The bid-to-cover ratio was 2.80.
Tenders at the high yield were allotted 1.61%.
The median yield was 4.170%. The low yield was 4.100%.
Tenders totaled $36,369,975,100 and the Treasury accepted $13,000,003,700 including $9,175,100 non-competitive.
The Fed banks also bought nothing for their own account in exchange for maturing securities.
The bonds, dated May 15, will mature May 15, 2041.
