NEW YORK - The Treasury Department today auctioned $10 billion of five-year inflation-indexed notes with a 0.500% coupon, a negative 0.550% high yield, an adjusted price of 105.5086607.
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The bid-to-cover ratio was 2.84.
Tenders at the high yield were allotted 57.82%. All competitive tenders at lower yields were accepted in full.
The median yield was negative 0.635%. The low yield was negative 0.750%.
Tenders totaled $28,436,310,900 and the Treasury accepted $10,000,000,500 including $79,810,900 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 October 29, are dated October 15, and will mature April 15, 2015.
