The Treasury Department Thursday auctioned $16 billion of four-year eight-month inflation-indexed notes with a 0.125% coupon, a 0.305% high yield, an adjusted price of 101.0506816
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The bid-to-cover ratio was 2.58.
Tenders at the high yield were allotted 9.23%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.286%. The low yield was 0.200%.
Tenders totaled $41,350,078,800 and the Treasury accepted $16,000,001,300 including $24,453,800 non-competitive.
The Fed banks also bought nothing for their own account in exchange for maturing securities.
The notes, which have an issue date of Aug. 31, are dated April 15, and will mature April 15, 2020.
