US 10-year TIPS reopening
- Prior was -1.016%
- Six auction average of -0.870%
- Bid to cover 2.55 vs 2.58 prior
That's a strong bid. There's not much love for bonds in the market today but there's still demand for inflation protection.
US sells 10-year TIPS at -0.939% vs -0.917% WI
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