U.S. Department of Treasury has raised $11 billion through a sale of nine-year 10-month inflation-indexed notes, Bloomberg reports. The securities, which carry a coupon rate of 0.625 percent, are intended to provide a hedge against rising consumer prices. Of the total amount sold, 30.4 percent was bought by indirect bidders, 33.9 percent by primary dealers and 35.7 percent by direct bidders. Tenders for the securities totaled $28.715 billion.

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