The Treasury Department Thursday auctioned $16 billion of four-year four-month inflation-indexed notes with a 0.125% coupon, a 0.395% high yield, an adjusted price of 100.174592
The bid-to-cover ratio was 2.37.
Tenders at the high yield were allotted 10.56%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.330%. The low yield was 0.200%.
Tenders totaled $37,987,132,500 and the Treasury accepted $16,000,002,500 including $35,102,500 non-competitive.
The Fed banks also bought nothing for their own account in exchange for maturing securities.
The notes, which have an issue date of Dec. 31, are dated Oct. 15, and will mature April 15, 2019.
