The Treasury Department Thursday sold $7 billion of inflation-indexed 29-year, 8-month bonds at a 0.905% yield, an adjusted price of 103.449203, with a 1% coupon.
The bid-to-cover ratio was 2.69.
All competitive tenders at yields lower than the high yield were accepted in full. Tenders at the market-clearing yield were allotted 71.43%.
The bonds are have an issue date of June 20, a dated date of Feb. 15 and are due Feb. 15, 2046.
Among competitive tenders, the median yield was 0.085% and the low yield was 0.688%, Treasury said.
Tenders totaled $13,457,236,300 of which the Treasury accepted $5,000,005,600. Noncompetitive tenders totaled $15,386,300. The Federal Reserve Banks bought $729,402,900 for their own accounts.
