US sells 5-year TIPS at -0.335% vs -0.334% WI

US sells inflation-linked bonds.

  • High yield -0.335% vs -0.213% prior
  • Bid to cover at 2.27 vs 2.70 prior

A touch stronger than expected. Five year breakevens are trading at 1.72%, up 3.6 bps today and at the highest levels since September.

5 year breakevens

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