NEW YORK - The Treasury Department Thursday sold $7 billion of inflation-indexed 29-year 8-month bonds at a 0.520% yield, an adjusted price of 108.226791, with a 3/4% coupon.

The bid-to-cover ratio was 2.64.

All competitive tenders at yields lower than the high yield were accepted in full. Tenders at the market-clearing yield were allotted 32.12%.

The bonds are dated Feb. 15 and due Feb. 15, 2042.

Among competitive tenders, the median yield was 0.443% and the low yield 0.390%, Treasury said.

Tenders totaled $18,509,972,000 of which the Treasury accepted $7,000,024,900. Noncompetitive tenders totaled $10,042,000. The Federal Reserve Banks bought nothing for their own accounts.

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