WASHINGTON -- The Treasury sold $10.3 billion of 30-year bonds yesterday at an average yield of 7.66% up from the 7.29% yield incurred in the previous sale on Aug. 13.

The coupon rate was 7 5/8%, up from 7 1/4% in the previous auction. The average price was 99.590.

The Treasury received $25.62 billion in bids for the bonds and accepted those in a range from 7.65% to 7.66, including $322 million of noncompetitive bids at the average return. The Treasury accepted 66% of the bids at the highest return.

Nothing was accepted at the average from Federal Reserve banks as agents of foreign and international monetary authorities, in exchange for maturing securities. In addition, $400 million was accepted at the average price from government accounts and Federal Reserve banks for their own account, in exchange for maturing securities. The additional notes were sold at the average price.

The bonds will mature Nov. 15,2022.

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