The Treasury Department Monday sold $7 billion of inflation-indexed 29-year, six-month bonds at a 1.768% yield, an adjusted price of 109.086149, with a 2 1/8% coupon.

The bid-to-cover ratio was 2.78. Tenders at the market-clearing yield were allotted 37.32%. The bonds are dated Aug. 15 and due Feb. 15, 2040.

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