The Treasury Department Tuesday auctioned as a reopening $14 billion of its four-year and eight-month Treasury inflation protected securities at a 0.117% high yield, an adjusted price of 100.758133, with a 1/8% coupon.
The bid-to-cover ratio was 2.41. Tenders at the high rate were allotted 13.39%.
Andrew Harrer/Bloomberg
The notes are dated Aug. 31 and are due April 15, 2022; the original issue date was April 28 and the original dated date was April 15.
Among competitive tenders, the median yield was 0.045% and the low yield 0.020%, Treasury said.
Tenders totaled $34,142,520,300 of which the Treasury accepted $14,438,855,000. Noncompetitive tenders totaled $33,461,300.
