The Treasury Department yesterday sold $7 billion of inflation-indexed, nine year and nine month TIPs at a 1.510% yield, an adjusted price of 104.288697, with a 1 7/8% coupon.
The bid-to-cover ratio was 3.12. Tenders at the high yield were allotted 14.26%. The notes are dated July 15 and are due July 15, 2019.
Among competitive tenders, the median yield was 1.430% and the low yield 1.350%, the Treasury said.
Tenders totaled $21,839,443,300,of which the Treasury Department accepted $7,000,003,300.
