The Treasury Department sold $13 billion of inflation-indexed 9-year 10-month TIPs at a 0.200% high yield, an adjusted price of 99.164241, with a 1/4% coupon.
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The bid-to-cover ratio was 2.43.
Tenders at the market-clearing yield were allotted 23.25%.
The notes are dated Jan. 15 and are due Jan. 15, 2025.
Among competitive tenders, the median yield was 0.160% and the low yield 0.100%, Treasury said.
Tenders totaled $31,636,740,100 of which the Treasury accepted $13,000,001,600. Noncompetitive tenders totaled $14,735,100. Fed banks bought nothing for their own accounts.
