The Treasury Department sold $15 billion of inflation-indexed 10-year TIPs at a negative 0.630% yield, an adjusted price of 107.505925, with a 1/8% coupon.
The bid-to-cover ratio was 2.71.
Tenders at the market-clearing yield were allotted 1.42%.
The notes are dated Jan. 15 and are due Jan. 15, 2023.
Among competitive tenders, the median yield was negative 0.675% and the low yield negative 0.730%, Treasury said.
Tenders totaled $40,576,095,600 of which the Treasury accepted $15,000,000,300. Noncompetitive tenders totaled $66,175,600. Fed banks bought nothing for their own accounts.
