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US sells 5-year TIPS at +0.117%

US sells 5-year TIPS at +0.117%

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Adam Button
24/08/2017 | 17:03 GMT

Inflation protected bonds auction

  • Prior was -0.049%
  • Bid to cover at 2.41 vs 2.52

It's a reopening on a four-year, 8-month note. The market is utterly convinced that the Fed isn't going to get 2% inflation any time soon.

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