The Treasury Department sold $13 billion of inflation-indexed 9-year 10-month TIPs at a 0.600% high yield, an adjusted price of 98.486859, with a 3/8% coupon.
Processing Content
The bid-to-cover ratio was 2.36.
Tenders at the market-clearing yield were allotted 59.17%.
The notes are dated July 15 and are due July 15, 2025.
Among competitive tenders, the median yield was 0.530% and the low yield 0.450%, Treasury said.
Tenders totaled $30,649,607,800 of which the Treasury accepted $13,000,012,300. Noncompetitive tenders totaled $12,060,800. Fed banks bought nothing for their own accounts.
