The Treasury Department Wednesday auctioned $16 billion of 30-year bonds with a 4 1/4% coupon at a 4.320% high yield and a price of 98.829162.

The bid-to-cover ratio was 2.31. Tenders at the high yield were allotted 82.04%. The median yield was 4.220%. The low yield was 4.100%. Tenders totaled $36,921,884,600 and the Treasury accepted $16,000,004,600, including $34,634,600 of noncompetitive.

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