Strong bid for TIPS
It was a reopening of 9-year 8-month inflation protected bonds and the yield is 0.42% above inflation. The bid-to-cover was 2.56 vs 2.23.
It continues to recent series of very strong bond auctions.
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US sells 10-year TIPS at 0.420% vs 0.443% WI
US sells 10-year TIPS at 0.420% vs 0.443% WI
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