The Treasury Department yesterday auctioned $16 billion of 30-year bonds with a 4 5/8% coupon at a 4.720% high yield, a price of 98.483611. The bid-to-cover ratio was 2.36.

Tenders at the high yield were allotted 61.57%. The median yield was 4.640%. The low yield was 4.536%. Tenders totaled $37,758,111,300 and the Treasury accepted $16,000,007,000, including $19,911,300 of noncompetitive.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.