NEW YORK - The Treasury Department today auctioned $16 billion of 30-year bonds with a 4 5/8% coupon at a 4.720% high yield, a price of 98.483611.
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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 non-competitive.
The Fed banks also bought $1,796,768,900 for their own account in exchange for maturing securities.
The bonds, dated Feb. 15, will mature Feb. 15, 2040.
