NEW YORK – The Treasury Department sold $15 billion of inflation-indexed 10-year TIPs at a negative 0.046% yield, an adjusted price of 101.661834, with a 1/8% coupon.
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The bid-to-cover ratio was 2.91.
Tenders at the market-clearing yield were allotted 53.49%.
The notes are dated Jan. 15 and are due Jan. 15, 2022.
Among competitive tenders, the median yield was negative 0.100% and the low yield negative 0.170%, Treasury said.
Tenders totaled $43,588,724,400 of which the Treasury accepted $15,000,074,500. Noncompetitive tenders totaled $137,364,500. Fed banks bought $282,266,100 for their own accounts.
