- Prior was -0.589%
- This is a 9-year 8-month reopening
- Bid to cover 2.24 vs 2.43 prior
The bid for inflation protection isn't what it used to be. That's a vote of confidence in the Fed.
US sells 10-year TIPS +0.232% vs +0.20% WI
- Results of the 10-year inflation-protected bond sale
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