NEW YORK – The Treasury Department sold $7 billion of inflation-indexed nine-year nine-month TIPs at a 1.510% yield, an adjusted price of 104.288697, with a 1 7/8% coupon.
Processing Content
The bid-to-cover ratio was 3.12.
Tenders at the market-clearing yield were allotted 14.26%.
The notes are dated July 15 and are due July 15, 2019.
Among competitive tenders, the median yield was 1.430% and the low yield 1.350%, Treasury said.
Tenders totaled $21,839,443,300 of which the Treasury accepted $7,000,003,300. Noncompetitive tenders totaled $153,878,300. Fed banks bought $54,743,500 for their own accounts.
