The Treasury Department sold $15 billion of inflation-indexed 10-year TIPs at a 0.315% high yield, an adjusted price of 99.102886, with a 1/4% coupon.
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The bid-to-cover ratio was 2.39.
Tenders at the market-clearing yield were allotted 74.41%.
The notes are dated Jan. 15 and are due Jan. 15, 2025.
Among competitive tenders, the median yield was 0.286% and the low yield 0.220%, Treasury said.
Tenders totaled $35,794,987,200 of which the Treasury accepted $15,000,007,600. Noncompetitive tenders totaled $46,502,200. Fed banks bought nothing for their own accounts.
