NEW YORK - The Treasury Department today auctioned $16 billion of 30-year bonds with a 4 1/4% coupon at a 4.320% high yield, a price of 98.829162.
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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 non-competitive.
The Fed banks also bought $429,030,600 for their own account in exchange for maturing securities.
The bonds, dated Nov. 15, will mature Nov. 15, 2040.
