The Treasury Department Thursday sold $5 billion of inflation-indexed 29-year, 4-month bonds at a 0.666% yield, an adjusted price of 110.667461, with a 1% coupon.
The bid-to-cover ratio was 2.28.
All competitive tenders at yields lower than the high yield were accepted in full. Tenders at the market-clearing yield were allotted 99.76%.
The bonds have an issue date of Oct. 31, a dated date of Aug. 15 and are due Feb. 15, 2046.
Among competitive tenders, the median yield was 0.599% and the low yield was 0.388%, Treasury said.
Tenders totaled $11,409,937,400 of which the Treasury accepted $5,000,005,900. Noncompetitive tenders totaled $8,187,400. The Federal Reserve Banks bought $302,268,600 for their own accounts.
