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%.

Bloomberg News

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.

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