The Treasury Department Thursday sold $7 billion of inflation-indexed 29-year 4-month bonds at a 1.330% yield, an adjusted price of 84.370207, with a 5/8% coupon.

The bid-to-cover ratio was 2.76.

All competitive tenders at yields lower than the high yield were accepted in full. Tenders at the market-clearing yield were allotted 76.13%.

The bonds are have an issue date of Oct. 31, a dated date of Aug. 15 and are due Feb. 15, 2043.

Among competitive tenders, the median yield was 1.278% and the low yield 1.200%, Treasury said.

Tenders totaled $19,303,430,100 of which the Treasury accepted $7,000,017,300. Noncompetitive tenders totaled $10,465,100. The Federal Reserve Banks bought nothing for their own accounts.


 

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