The Treasury Department sold $13 billion of inflation-indexed 9-year 8-month TIPs at a 0.664% high yield, an adjusted price of 97.643334, with a 3/8% coupon.
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The bid-to-cover ratio was 2.38.
Tenders at the market-clearing yield were allotted 75.83%.
The notes are dated July 15 and are due July 15, 2025.
Among competitive tenders, the median yield was 0.585% and the low yield 0.388%, Treasury said.
Tenders totaled $30,938,044,300 of which the Treasury accepted $13,000,001,800. Noncompetitive tenders totaled $13,844,300. Fed banks bought nothing for their own accounts.
