The Treasury Department yesterday sold $10 billion of 10-year Treasury inflation-protected securities at a 1.430% yield, an adjusted price of 99.489212, with a 1 3/8% coupon.

The TIPS bid-to-cover ratio was 2.65. Tenders at the market-clearing yield were allotted 95.63%. The median yield was 1.300% and the low yield 1.230%.

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