U.S. Sells 9-Year 10-Month Indexed Notes at Yield of 0.078%
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The U.S. Treasury Department sold $11 billion of 9-year 10-month inflation-indexed notes at a yield of 0.078 percent, as demand fell relative to the last auction of securities with the same maturity.
Demand was weaker than at the last auction, judging by the bid/cover ratio, which compares the number of bids with the amount of securities sold. The ratio was 2.61, compared with 2.62 at the previous sale.