The Treasury Department yesterday auctioned $11 billion of five-year inflation-indexed notes with a 0.50% coupon, a 0.550% high yield, and an adjusted price of 99.767648.

The bid-to-cover ratio was 3.15. Tenders at the high yield were allotted 30.93%. The median yield was 0.430%. The low yield was 0.340%.

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