The Treasury Department sold $13 billion of inflation-indexed nine-year 10-month TIPs at a 0.610% high yield, an adjusted price of 95.721526, with a 1/8% coupon.
The bid-to-cover ratio was 2.20.
Tenders at the market-clearing yield were allotted 32.05%.
The notes are dated July 15 and are due July 15, 2024.
Among competitive tenders, the median yield was 0.540% and the low yield 0.460%, Treasury said.
Tenders totaled $28,661,424,000 of which the Treasury accepted $13,000,009,000. Noncompetitive tenders totaled $24,114,000. Fed banks bought nothing for their own accounts.
