The Treasury Department Thursday auctioned $16 billion of four-year four-month inflation-indexed notes with a 0.125% coupon, a 0.472% high yield, an adjusted price of 100.068098
The bid-to-cover ratio was 2.38.
Tenders at the high yield were allotted 32.46%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.392%. The low yield was 0.288%.
Tenders totaled $38,056,640,000 and the Treasury accepted $16,000,020,000 including $28,325,000 non-competitive.
The Fed banks also bought nothing for their own account in exchange for maturing securities.
The notes, which have an issue date of Dec. 31, are dated Oct. 15, and will mature April 15, 2020.
