The Treasury Department yesterday sold $6 billion of inflation-indexed 9-year 9-month notes at a 1.589% yield, an adjusted price of 103.325496, with a 2 1/8% coupon.

The bid-to-cover ratio was 2.25. Tenders at the market-clearing yield were allotted 46.54%. Among competitive tenders, the median yield was 1.345% and the low yield 0.850%.

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