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.
Andrew Harrer/Bloomberg
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.
