Treasury 30-Year Bonds Go at 4.469% High Yield

The Treasury Department yesterday auctioned $16 billion of 30-year bonds with a 4 3/8% coupon at a 4.469% high yield, a price of 98.454984.

The bid-to-cover ratio was 2.26. Tenders at the high yield were allotted 18.01%. The median yield was 4.388%. The low yield was 4.284%.

Tenders totaled $36,150,215,700 and the Treasury accepted $16,000,002,800, including $27,765,700 of noncompetitive.

Federal Reserve banks also bought $1,989,301,300 for their own account in exchange for maturing securities.

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