January 18, 2018 / 6:25 PM / 3 months ago

U.S. 10-year TIPS supply fetches strongest bid since 2014

NEW YORK, Jan 18 (Reuters) - The U.S. government on Thursday sold $13 billion in 10-year Treasury Inflation Protected Securities to the strongest demand since 2014 at a yield of 0.548 percent, which was the highest yield in two years, Treasury data showed.

The ratio of bids to the amount of 10-year TIPS issue offered was 2.69, which was the highest reading since May 2014. This gauge of overall auction demand was 2.43 at the previous 10-year TIPS sale in November. (Reporting by Richard Leong; editing by Diane Craft)

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