The Treasury Department sold $15 billion of inflation-indexed 10-year TIPs at a 0.725% high yield, an adjusted price of 98.946468, with a 5/8% coupon.
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The bid-to-cover ratio was 2.19.
Tenders at the market-clearing yield were allotted 65.06%.
The notes are dated Jan. 15 and are due Jan. 15, 2026.
Among competitive tenders, the median yield was 0.623% and the low yield 0.500%, Treasury said.
Tenders totaled $32,868,159,400 of which the Treasury accepted $15,000,014,400. Noncompetitive tenders totaled $28,749,400. Fed banks bought nothing for their own accounts.
