NEW YORK – The Treasury Department sold $10 billion of inflation-indexed ten-year TIPs at a 1.430% yield, an adjusted price of 99.489212, with a 1 3/8% coupon.
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The bid-to-cover ratio was 2.65.
Tenders at the market-clearing yield were allotted 95.63%.
The notes are dated Jan. 15 and are due Jan. 15, 2020.
Among competitive tenders, the median yield was 1.300% and the low yield 1.230%, Treasury said.
Tenders totaled $26,459,282,100 of which the Treasury accepted $10,000,007,400. Noncompetitive tenders totaled $272,532,100. Fed banks bought $388,273,200 for their own accounts.
