August 24, 2017 / 5:16 PM / a year ago

Demand at U.S. 5-year TIPS sale lowest in a year

NEW YORK, Aug 24 (Reuters) - Demand at Thursday’s $14 billion auction of U.S. five-year Treasury Inflation Protected Securities was the weakest in a year, resulting in their yield to come in higher than what traders had expected, Treasury data showed.

The ratio of bids to the amount of five-year TIPS offered was 2.41, the lowest since 2.37 at a five-year TIPS sale a year earlier. The measure of overall auction demand was 2.52 at the prior 5-year TIPS auction in April. (Reporting by Richard Leong; Editing by Dan Grebler)

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