The Treasury Department sold $15 billion of inflation-indexed 10-year TIPs at a 0.384% high yield, an adjusted price of 100.004056, with a 3/8% coupon.
The bid-to-cover ratio was 2.44.
Tenders at the market-clearing yield were allotted 84.23%.
The notes are dated July 15 and are due July 15, 2023.
Among competitive tenders, the median yield was 0.310% and the low yield 0.270%, Treasury said.
Tenders totaled $36,557,669,700 of which the Treasury accepted $15,000,001,500. Noncompetitive tenders totaled $28,269,700. Fed banks bought nothing for their own accounts.