US Treasury sells $8 billion of indexed 30 year bonds at a high yield of 1.97%

US sells $8 billion of 30 year TIPS

  • The U.S. Treasury sold $8 billion of indexed TIPS bonds at a high yield of 1.97%
  • Bid to cover came in at 2.42X versus 2.38X last
  • Tail: +2 bps
  • Dealers 4.3% versus 9.9% previously
US Treasury sells $8 billion of indexed 30 year bonds at a high yield of 1.97%
U.S. one-hundred dollar bills are arranged for a photograph in Hong Kong, China, on Monday, July 20, 2015. The yuan has proven to be among the more resilient emerging-market currencies this year, having fallen less than 0.1 percent versus the dollar as China cut interest rates and the U.S. prepared to raise. Photographer: Xaume Olleros/Bloomberg
  • Directs: 19.6% versus 14.1% last
  • Indirects 76.2% versus 76.7% last.
  • Strong domestic demand for the auction

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