Treasury Auctions 30-Year Bonds at Increased Yields
The Treasury Department Thursday auctioned $15 billion of 30-year bonds with a 2 3/4% coupon at a 2.801% high yield, a price of 98.969630.
The bid-to-cover ratio was 2.23. Tenders at the high yield were allotted 39.22%. The median yield was 2.749%. The low yield was 2.188%.
Tenders totaled $33,378,390,700 and the Treasury accepted $15,000,000,700 including $4,884,700 non-competitive.
The Fed banks bought $1,823,982,000 for their own account. The bonds dated Nov. 15, will mature Nov. 15, 2047.