The Treasury Department yesterday auctioned $13 billion of 29-year, 10-month bonds with a 4 5/8% coupon at a 4.770% high yield, a price of 97.692939.

The bid-to-cover ratio was 2.73.

Tenders at the high yield were allotted 30.96%.

The median yield was 4.728%. The low yield was 4.650%.

Tenders totaled $35,472,808,800 and the Treasury accepted $13,000,010,300, including $13,408,700 of noncompetitives.

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