NEW YORK - The Treasury Department today auctioned $12 billion of four-year eight-month inflation-indexed notes with a 0.125% coupon, a negative 0.825% high yield, an adjusted price of 106.852530.
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The bid-to-cover ratio was 2.49.
Tenders at the high yield were allotted 57.89%. All competitive tenders at lower yields were accepted in full.
The median yield was negative 0.910%. The low yield was negative 1.000%.
Tenders totaled $29,895,119,900 and the Treasury accepted $12,000,009,900 including $37,619,900 non-competitive.
The Fed banks also bought $367,024,600 for their own account in exchange for maturing securities.
The notes, which have an issue date of August 31, are dated April 15, and will mature April 15, 2016.
