NEW YORK - The Treasury Department Monday sold $7 billion of inflation-indexed 29-year, 8-month bonds at a 1.744% yield, an adjusted price of 111.698711, with a 2 1/8% coupon.
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The bid-to-cover ratio was 3.02.
All competitive tenders at yields lower than the high yield were accepted in full. Tenders at the market-clearing yield were allotted 84.66%.
The bonds are dated Feb. 15 and due Feb. 15, 2041.
Among competitive tenders, the median yield was 1.690% and the low yield 1.630%, Treasury said.
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.
