The Treasury Department Thursday sold $5 billion of inflation-indexed 29-year 8-month bonds at a 0.880% high yield, an adjusted price of 101.154806, with a 7/8% coupon.
The bid-to-cover ratio was 2.83.
All competitive tenders at yields lower than the high yield were accepted in full. Tenders at the market-clearing yield were allotted 41.91%.
Andrew Harrer/Bloomberg
The bonds have an issue date of June 30, a dated date of Feb. 15 and are due Feb. 15, 2047.
Among competitive tenders, the median yield was 0.850% and the low yield was 0.688%, Treasury said.
Tenders totaled $14,147,346,700 of which the Treasury accepted $5,000,005,500. Noncompetitive tenders totaled $9,341,700. The Federal Reserve Banks bought $607,773,900 for their own accounts.
