The Treasury Department Thursday auctioned $16 billion of five-year inflation-indexed notes with a 0.125% coupon, at a negative 0.049% high yield, an adjusted price of 101.002153.

The bid-to-cover ratio was 2.52.

Bloomberg

Tenders at the high yield were allotted 21.08%. All competitive tenders at lower yields were accepted in full.

The median yield was negative 0.096%. The low yield was negative 0.200%.

Tenders totaled $40,294,593,300 and the Treasury accepted $16,000,003,300 including $80,323,300 non-competitive.

The Fed banks also bought nothing for their own account.

The notes, which have an issue date of April 28, and a dated date of April 15, will mature April 15, 2022.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.
Gary Siegel

Gary Siegel

Gary Siegel has been at The Bond Buyer since 1989, currently covering economic indicators and the Federal Reserve system.