Treasury reopened 10-year TIPs go at 0.450% high yield

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The Treasury Department sold $11 billion of reopened 10-year Treasury Inflation Protected Securities at a 0.450% high yield, an adjusted price of 99.354592, with a 3/8% coupon.

Tenders for the TIPS totaled $25,542,896,400 and Treasury accepted $11,000,003,900, including $11,826,400 of non-competitive bids.
The bid-to-cover ratio was 2.32.

The nine-year 10-month TIPS are dated July 15 and due July 15, 2027.

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