The Treasury Department sold $15 billion of inflation-indexed 10-year TIPs at a 0.661% high yield, an adjusted price of 99.547965, with a 5/8% coupon.
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The bid-to-cover ratio was 2.31.
Tenders at the market-clearing yield were allotted 46.30%.
The notes are dated Jan. 15 and are due Jan. 15, 2024.
Among competitive tenders, the median yield was 0.609% and the low yield 0.530%, Treasury said.
Tenders totaled $34,597,925,300 of which the Treasury accepted $15,000,000,300. Noncompetitive tenders totaled $41,015,300. Fed banks bought nothing for their own accounts.
