NEW YORK - The Treasury Department Wednesday auctioned $16 billion of 30-year bonds with a 3% coupon at a 3.090% high yield, a price of 98.248216.
The bid-to-cover ratio was 2.73.
Tenders at the high yield were allotted 63.81%.
The median yield was 3.060%. The low yield was 2.970%.
Tenders totaled $43,652,738,900 and the Treasury accepted $16,000,055,600 including $5,030,300 non-competitive.
The Fed banks also bought $1,000,964,200 for their own account in exchange for maturing securities.
The bonds, dated May 15, 2012, will mature May 15, 2042.