The Treasury Department sold $11 billion of inflation-indexed 9-year 10-month TIPs at a 0.315% high yield, an adjusted price of 102.986538, with a 5/8% coupon.
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The bid-to-cover ratio was 2.25.
Tenders at the market-clearing yield were allotted 29.53%.
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 0.140%, Treasury said.
Tenders totaled $24,736,771,900 of which the Treasury accepted $11,000,001,400. Noncompetitive tenders totaled $16,926,900. Fed banks bought $2,620,797,400 for their own accounts.
