The Treasury Department on Tuesday auctioned $12 billion of re-opened 30-year bonds with a 2 3/4% coupon at a 2.804% high yield, a price of 98.908728.

Bloomberg News

The bid-to-cover ratio on the 29-year 11-month bonds was 2.48.

Tenders at the high yield were allotted 8.35%.

The median yield was 2.753%. The low yield was 2.188%.

Tenders totaled $29,744,981,800 and the Treasury accepted $12,000,011,800 including $7,551,800 non-competitive.

The Fed banks purchased nothing for their own account.

The bonds are dated Nov. 15, will mature Nov. 15, 2047.

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