For Immediate Release CONTACT: Office of Financing
November 13, 2008 202-504-3550
TREASURY AUCTION RESULTS
Term and Type of Security 29-Year 6-Month Bond
CUSIP Number 912810PX0
Series Bonds of May 2038
Interest Rate 4-1/2%
High Yield1 4.310%
Allotted at High 83.20%
Price 103.154521
Accrued Interest per $1,000 $0.24862
Median Yield2 4.204%
Low Yield3 4.095%
Issue Date November 17, 2008
Maturity Date May 15, 2038
Original Issue Date August 15, 2008
Dated Date November 15, 2008
Tendered Accepted
Competitive $20,693,250,000 $9,978,306,000
Noncompetitive $21,737,800 $21,737,800
FIMA (Noncompetitive) $0 $0
Subtotal4 $20,714,987,800 $10,000,043,8005
SOMA $1,777,238,500 $1,777,238,500
Total $22,492,226,300 $11,777,282,300
Tendered Accepted
Primary Dealer6 $15,706,000,000 $7,709,200,000
Direct Bidder7 $688,000,000 $453,000,000
Indirect Bidder8 $4,299,250,000 $1,816,106,000
Total Competitive $20,693,250,000 $9,978,306,000
1 5
All tenders at lower yields were accepted in full. Awards to combined Treasury Direct systems = $9,702,800.
2 6
50% of the amount of accepted competitive tenders was tendered at or below Primary dealers as submitters bidding for their own house accounts.
that yield. 7
Non-Primary dealer submitters bidding for their own house accounts.
3 8
5% of the amount of accepted competitive tenders was tendered at or below Customers placing competitive bids through a direct submitter, including
that yield. Foreign and International Monetary Authorities placing bids through the
4 Federal Reserve Bank of New York.
Bid-to-Cover Ratio: $20,714,987,800/$10,000,043,800 = 2.07