The Treasury Department Monday sold $8 billion of inflation-indexed 30-year bonds at a 2.229% yield, an adjusted price of 97.667212, with a 2 1/8% coupon.

The bid-to-cover ratio was 2.45.

All competitive tenders at yields lower than the high yield were accepted in full. Tenders at the market-clearing yield were allotted 66.57%.

The bonds are dated Feb. 15 and due Feb. 15, 2040.

Among competitive tenders, the median yield was 2.145% and the low yield 1.900%, the Treasury said.

Tenders totaled $19,619,615,000, of which the Treasury accepted $8 billion. Noncompetitive tenders totaled $86,075,000. The Federal Reserve banks bought nothing for their own accounts.

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