NEW YORK - 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.
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The bid-to-cover ratio was 2.78.
All competitive tenders at yields lower than the high yield were accepted in full. Tenders at the market-clearing yield were allotted 37.32%.
The bonds are dated Aug. 15 and due Feb. 15, 2040.
Among competitive tenders, the median yield was 1.715% and the low yield 1.600%, Treasury said.
Tenders totaled $19,474,572,300 of which the Treasury accepted $7,000,002,300. Noncompetitive tenders totaled $38,072,300. The Federal Reserve Banks bought $171,388,200 for their own accounts.
