NEW YORK – The Treasury Department sold $13 billion of inflation-indexed 10-year TIPs at a 1.170% yield, an adjusted price of 99.599898, with a 1 1/8% coupon.
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The bid-to-cover ratio was 2.37.
Tenders at the market-clearing yield were allotted 30.64%.
The notes are dated Jan. 31 and are due Jan. 15, 2021.
Among competitive tenders, the median yield was 1.040% and the low yield 0.800%, Treasury said.
Tenders totaled $30,809,040,600 of which the Treasury accepted $13,000,000,600. Noncompetitive tenders totaled $157,795,600. Fed banks bought $259,047,400 for their own accounts.
