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.
![treasury-seal-BL-m583864](https://arizent.brightspotcdn.com/dims4/default/7a12aed/2147483647/strip/true/crop/3500x2381+0+0/resize/740x503!/quality/90/?url=https%3A%2F%2Fsource-media-brightspot.s3.us-east-1.amazonaws.com%2Fd5%2Fb0%2F31b0a6784790ac593d1b63ca5192%2Ftreasury-seal-bl-m583864.jpg)
The bid-to-cover ratio was 2.32.
The nine-year 10-month TIPS are dated July 15 and due July 15, 2027.