NEW YORK - The Treasury Department Thursday auctioned $16 billion of 30-year bonds with a 4 3/4% coupon at a 4.750% high yield, a price of par.
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The bid-to-cover ratio was 2.51.
Tenders at the high yield were allotted 66.45%.
The median yield was 4.670%. The low yield was 4.600%.
Tenders totaled $40,169,649,700 and the Treasury accepted $16,000,028,700 including $42,709,700 non-competitive.
The Fed banks also bought $367,113,300 for their own account in exchange for maturing securities.
The bonds, dated Feb. 15, will mature Feb. 15, 2041.
