The Treasury Department sold $11 billion of inflation-indexed 9-year 8-month TIPs at a 0.275% high yield, an adjusted price of 105.533587, with a 5/8% coupon.
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The bid-to-cover ratio was 2.27.
Tenders at the market-clearing yield were allotted 33.31%.
The notes are dated Jan. 15 and are due Jan. 15, 2026.
Among competitive tenders, the median yield was 0.210% and the low yield 0.120%, Treasury said.
Tenders totaled $25,002,072,400 of which the Treasury accepted $11,000,025,100. Noncompetitive tenders totaled $31,200,400. Fed banks bought $2,805,308,000 for their own accounts.
