The Treasury Department Thursday sold $7 billion of inflation-indexed 29-year 4-month bonds at a 0.479% yield, an adjusted price of 109.477963, with a 3/4% coupon.

The bid-to-cover ratio was 2.82.

All competitive tenders at yields lower than the high yield were accepted in full. Tenders at the market-clearing yield were allotted 19.46%.

The bonds are dated Aug. 15 and due Feb. 15, 2042.

Among competitive tenders, the median yield was 0.419% and the low yield 0.370%, Treasury said.

Tenders totaled $19,772,357,800 of which the Treasury accepted $7,000,088,200. Noncompetitive tenders totaled $14,967,800. The Federal Reserve Banks bought nothing for their own accounts.

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