U.S. Treasury sells $16 billion of 10-year TIPS at a high yield of 2.184% (last 1.93%)

The U.S. Treasury sold $16 million of 10-year yield TIPS:

• High yield of 2.184%
• Tail: +2.4 basis points versus a six month average of -1 basis point
• Bid to Cover: 2.33X vs six month average of 2.32X
• Directs: 16.1% vs six month average 17%
• Indirects: 69.8% versus six month average of 76%