The Treasury Department today auctioned $13 billion of 29-year, 11-month bonds with a 4 3/4% coupon at a 4.569% high yield and a price of 102.929408.
The bid-to-cover ratio was 3.02. Tenders at the high yield were allotted 45.51%. The median yield was 4.530%. The low yield was 4.459%.
Tenders totaled $39,263,097,500 and the Treasury accepted $13,000,018,600, including $18,797,500 of noncompetitive.