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.
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.