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US Treasury Auctions $23 Billion of 5-Year TIPS at 2.242%

  • High yield 2.242%
  • Tail -2.8 basis points versus six-month average of -0.1 basis points
  • Bid to cover 2.58X versus six-month average of 2.45X
  • Direct (national) 17.8% compared to a half-yearly average of 16.5%
  • Indirect (international buyers) 78.3% compared to a half-year average of 76.0%

Solid bidding.

This article was written by Greg Michalowski at www.forexlive.com.

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