NEW YORK - The Treasury Department today auctioned $16 billion of 30-year bonds with a 4 3/8% coupon at a 4.380% high yield, a price of 99.916711.
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The bid-to-cover ratio was 2.43.
Tenders at the high yield were allotted 62.12%.
The median yield was 4.300%. The low yield was 4.230%.
Tenders totaled $38,833,113,500 and the Treasury accepted $16,000,003,500 including $24,213,500 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.
