The Treasury Department sold $15 billion of inflation-indexed 10-year TIPs at a 0.491% high yield, an adjusted price of 99.133176, with a 3/8% coupon.
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The bid-to-cover ratio was 2.31.
Tenders at the market-clearing yield were allotted 15.14%.
The notes are dated July 15 and are due July 15, 2025.
Among competitive tenders, the median yield was 0.413% and the low yield 0.372%, Treasury said.
Tenders totaled $34,601,016,900 of which the Treasury accepted $15,000,006,900. Noncompetitive tenders totaled $28,496,900. Fed banks bought nothing for their own accounts.
