The Treasury Department sold $15 billion of inflation-indexed nine-year, 10-month Treasury Inflation-Protected Securities at a negative 0.089% yield, an adjusted price of 102.226025, with a 1/8% coupon. The bid-to-cover ratio was 2.81. Tenders at the market-clearing yield were allotted 42.40%.
Among competitive tenders, the median yield was negative 0.142% and the low yield negative 0.210%. Tenders totaled $36,522,261,900; the Treasury accepted $13,000,001,900.