NEW YORK - The Treasury Department Monday sold $7 billion of inflation-indexed 29-year, 4-month bonds at a 0.999% yield, an adjusted price of 132.953297, with a 2 1/8% coupon.
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The bid-to-cover ratio was 3.06.
All competitive tenders at yields lower than the high yield were accepted in full. Tenders at the market-clearing yield were allotted 87.47%.
The bonds are dated Oct. 31 and due Feb. 15, 2041.
Among competitive tenders, the median yield was 0.960% and the low yield 0.890%, Treasury said.
Tenders totaled $21,433,625,000 of which the Treasury accepted $6,986,012,500. Noncompetitive tenders totaled $14,017,800. The Federal Reserve Banks bought $266,148,900 for their own accounts.
