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.
The market has seen a trend of "happy endings to each week, disappointing Mondays," according to James Pruskowski, managing director at Hennion & Walsh.
"We're going to have some weak days, we're going to have some stronger days, maybe they wash out against each other," said Kim Olsan, senior fixed income portfolio manager at NewSquare Capital.
They are seeking legislation on transportation, water and other topics.
A major multiple-amended housing bill that is expected to expand the use of private activity bonds passes the House and bounces back to the Senate, but obstacles remain over provisions regulating institutional investors.
The former Massachusetts congressman "was a true champion for the municipal bond market," GFOA's Emily Brock said.
The Trump administration took over the Penn Station renovation a year ago, accusing the MTA of mismanagement.
