The Treasury Department sold $13 billion of inflation-indexed 10-year TIPs at a 0.489% high yield, an adjusted price of 98.936936, with a 3/8% coupon.
The bid-to-cover ratio was 1.98.
Tenders at the market-clearing yield were allotted 80.49%.
The notes are dated July 15 and are due July 15, 2027.
Among competitive tenders, the median yield was 0.400% and the low yield 0.320%, Treasury said.
Tenders totaled $25,679,272,300 of which the Treasury accepted $13,000,007,300. Noncompetitive tenders totaled $23,992,300. Fed banks bought $1,321,770,100 for their own accounts.
Carol M. Highsmith: Photographer
