NEW YORK - The Treasury Department Thursday auctioned $16 billion of five-year inflation-indexed notes with a 0.125% coupon, a negative 1.080% high yield, an adjusted price of 106.389051.

The bid-to-cover ratio was 2.58.

Tenders at the high yield were allotted 41.56%. All competitive tenders at lower yields were accepted in full.

The median yield was negative 1.160%. The low yield was negative 1.250%.

Tenders totaled $41,269,696,500 and the Treasury accepted $16,000,014,500 including $116,426,500 non-competitive.

The Fed banks also bought $429,877,900 for their own account in exchange for maturing securities.

The notes, which have an issue date of April 30, are dated April 15, and will mature April 15, 2017.

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