NEW YORK – The Treasury Department sold $11 billion of inflation-indexed 9-year 10-month TIPs at a 0.078% yield, an adjusted price of 105.582684, with a 5/8% coupon.
Processing Content
The bid-to-cover ratio was 2.61.
Tenders at the market-clearing yield were allotted 48.46%.
The notes are dated July 15 and are due July 15, 2021.
Among competitive tenders, the median yield was 0.010% and the low yield negative 0.100%, Treasury said.
Tenders totaled $28,715,040,300 of which the Treasury accepted $11,000,001,300. Noncompetitive tenders totaled $40,765,300. Fed banks bought $342,465,500 for their own accounts.
