The Treasury Department yesterday auctioned $13 billion of 29-year, 11-month bonds with a 4 5/8% coupon at a 4.679% high yield, a price of 99.128159.
The bid-to-cover ratio was 2.89. Tenders at the high yield were allotted 82.80%. The median yield was 4.645%. The low yield was 4.580%.
Tenders totaled $37,616,887,100 and the Treasury accepted $13,000,003,100, including $21,087,100 of noncompetitive.
Federal Reserve banks bought $153,804,000 for their own accounts.
The bonds, dated Feb. 15, will mature Feb. 15, 2040.
