The Treasury Department yesterday auctioned $10 billion of 29-year, nine-month bonds with a 4 1/2% coupon at a 4.609% high yield, a price of 98.231860.

The bid-to-cover ratio was 2.40. Tenders at the high yield were allotted 59.02%. The median yield was 4.585%. The low yield was 4.550%.

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