The Treasury Department sold $11 billion of inflation-indexed 9-year 8-month TIPs at a 0.369% high yield, an adjusted price of 98.390349, with a 1/8% coupon.
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The bid-to-cover ratio was 2.39.
Tenders at the market-clearing yield were allotted 62.71%.
The notes are dated July 15 and are due July 15, 2026.
Among competitive tenders, the median yield was 0.294% and the low yield 0.210%, Treasury said.
Tenders totaled $26,287,888,300 of which the Treasury accepted $11,000,000,800. Noncompetitive tenders totaled $23,763,300. Fed banks bought $1,170,750,500 for their own accounts.
