The Treasury Department sold $13 billion of inflation-indexed 10-year TIPs at a 0.052% high yield, an adjusted price of 101.115665, with a 1/8% coupon.
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The bid-to-cover ratio was 2.59.
Tenders at the market-clearing yield were allotted 14.04%.
The notes are dated July 15 and are due July 15, 2026.
Among competitive tenders, the median yield was 0.010% and the low yield negative 0.050%, Treasury said.
Tenders totaled $28,442,642,400 of which the Treasury accepted $11,000,002,400. Noncompetitive tenders totaled $16,917,400. Fed banks bought $670,542,000 for their own accounts.
