The Treasury Department yesterday sold $6 billion of inflation-indexed 9-year, 9-month notes at a 1.250% yield, an adjusted price of 104.353623, with a 1 5/8% coupon.
The bid-to-cover ratio was 2.11.
All competitive tenders at yields lower than 1.250% were accepted in full. Tenders at the market-clearing yield were allotted 71.42%. The median yield was 1.200% and the low yield 1.150%, Treasury said. Tenders totaled $12,640,384,300 of which the Treasury accepted $6,000,031,300. Noncompetitive tenders totaled $57,484,300.