The Treasury Department Thursday sold $7 billion of inflation-indexed 29-year, eight-month bonds at a 1.744% yield, an adjusted price of 111.698711, and a 2 1/8% coupon.

The bid-to-cover ratio was 3.02.

Tenders totaled $21,164,533,000, of which the Treasury accepted $7,000,027,000.

Noncompetitive tenders totaled $21,073,000. The Federal Reserve banks bought $225,361,200 for their own accounts.

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