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%.
Tenders totaled $34,598,952,700 and the Treasury accepted $11,000,030,700, including $342,625,700 of noncompetitive.
Meanwhile, tender rates for the Treasury Department’s latest 91-day and 182-day discount bills were higher, as the three-months incurred a 0.150% high rate and the six-months incurred a 0.240% high rate.