NEW YORK - The Treasury Department today auctioned $8 billion of five-year inflation-indexed notes with a 5/8% coupon, a 0.745% high yield, a price of 99.560900.
The bid-to-cover ratio was 2.20.
Tenders at the high yield were allotted 99.07%. All competitive tenders at lower yields were accepted in full.
The median yield was 0.710%. The low yield was 0.500%.
Tenders totaled $17,600,385,200 and the Treasury accepted $8,000,022,400 including $111,415,200 non-competitive.
The Fed banks also bought $733,817,500 for their own account in exchange for maturing securities.
The notes, which have an issue date of April 30, are dated April 15, and will mature April 15, 2013.
