US sells $18 billion of 10 year TIPS a yield of 1.935%

  • Compares to WI level at the time of the auction of 1.930%
  • Hghi yield 1.935%
  • Tail 0.5 basis points
  • Bid to cover 2.35X vs six-month average of 2.39X
  • Directs 23.2% versus 19.5% average
  • Indirects 67.4% versus 69.69% average

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