US treasury sells $18 billion of year TIPs at a high yield of 1.810%
The U.S. Treasury's sold $18B of 10-year TIPS at a high yield of 1.810%:High yield 1.810%WI level at the time of auction 1.825%Tail -1.5 basis points vs six-month average of -1.6 basis pointsBid to cover 2.62X vs six-month average of 2.49XDealers 3.2% versus a six-month average of 8.0%Directs (a measure of domestic demand) 17.5% vs six-month average of 16.0%Indirects (a measure of international demand) 79.3% versus six-month average of 76.0%Overall a strong auction This article was written by Greg Michalowski at www.forexlive.com.
The U.S. Treasury's sold $18B of 10-year TIPS at a high yield of 1.810%:
- High yield 1.810%
- WI level at the time of auction 1.825%
- Tail -1.5 basis points vs six-month average of -1.6 basis points
- Bid to cover 2.62X vs six-month average of 2.49X
- Dealers 3.2% versus a six-month average of 8.0%
- Directs (a measure of domestic demand) 17.5% vs six-month average of 16.0%
- Indirects (a measure of international demand) 79.3% versus six-month average of 76.0%
Overall a strong auction This article was written by Greg Michalowski at www.forexlive.com.
