The Treasury Department sold $13 billion of inflation-indexed 9-year 8-month TIPs at a 0.560% high yield, an adjusted price of 98.268271, with a 3/8% coupon.
The bid-to-cover ratio was 2.59.
Tenders at the market-clearing yield were allotted 96.89%.
The notes are dated July 15 and are due July 15, 2023.
Among competitive tenders, the median yield was 0.540% and the low yield 0.465%, Treasury said.
Tenders totaled $33,709,056,900 of which the Treasury accepted $13,000,283,900. Noncompetitive tenders totaled $18,181,900. Fed banks bought nothing for their own accounts.