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.