The Treasury Department Thursday auctioned $14 billion of five-year inflation-indexed notes with a 0.125% coupon, a -0.209% high yield, an adjusted price of 103.268595.
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The bid-to-cover ratio was 2.37.
Tenders at the high yield were allotted 96.30%. All competitive tenders at lower yields were accepted in full.
The median yield was -0.260%. The low yield was -0.310%.
Tenders totaled $33,127,541,400 and the Treasury accepted $14,000,041,400 including $19,361,400 non-competitive.
The Fed banks also bought $957,435,800 for their own account.
The notes, which have an issue date of Aug. 31, are dated April 15, and will mature April 15, 2021.
