The Treasury Department yesterday sold $8 billion of inflation-indexed 10-year notes at a 1.655% yield, an adjusted price of 99.724557, with a 1 5/8% coupon.
The bid-to-cover ratio was 1.90.
All competitive tenders at yields lower than 1.655% were accepted in full. Tenders at the market-clearing yield were allotted 89.92%.
The notes are dated Jan. 15 and are due Jan. 15, 2018.
Among competitive tenders, the median yield was 1.599% and the low yield 1.490%, Treasury said.
Tenders totaled $15,215,531,000 of which the Treasury accepted $8,000,011,000. Noncompetitive tenders totaled $96,141,000. Federal Reserve banks bought $2,411,955,000 for their own accounts.