NEW YORK - The Treasury Department today auctioned $13 billion of 29-year 10-month bonds with a 4 1/4% coupon at a 4.515% high yield, a price of 95.669689.
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The bid-to-cover ratio was 2.67.
Tenders at the high yield were allotted 40.45%.
The median yield was 4.429%. The low yield was 4.150%.
Tenders totaled $34,715,190,000 and the Treasury accepted $13,000,012,500 including $12,440,000 non-competitive.
The Fed banks also bought $284,893,500 for their own account in exchange for maturing securities.
The bonds, dated Nov. 15, will mature Nov. 15, 2040.
