NEW YORK – The Treasury Department sold $15 billion of inflation-indexed 9-year 10-month TIPs at a negative 0.089% yield, an adjusted price of 102.226025, with a 1/8% coupon.

The bid-to-cover ratio was 2.81.

Tenders at the market-clearing yield were allotted 42.40%.

The notes are dated Jan. 15 and are due Jan. 15, 2022.

Among competitive tenders, the median yield was negative 0.142% and the low yield negative 0.210%, Treasury said.

Tenders totaled $36,522,261,900 of which the Treasury accepted $13,000,001,900. Noncompetitive tenders totaled $45,019,900. Fed banks bought nothing for their own accounts.

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