Posted by: youngragingbull | April 18, 2013

U.S. Treasury sells $18B in TIPS at -1.311%

The U.S. Treasury Department sold $18 billion in 5-year Treasury Inflation-Protected Securities Thursday at a yield of -1.311%.

Bidders offered to buy 2.18 times the amount of debt sold, compared to an average of 2.56 times at the last 21 sales.

Indirect bidders, a group that includes foreign central banks, bought 46.1%, versus 38.2% in recent sales. Direct bidders, which includes domestic money managers, purchased another 7.8%, versus an average of 4.9%.

Yields on 10-year notes, which move inversely to prices, edged up to 1.702% after the sale.


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