Here's the recent action via FinViz:
When the Federal Reserve lowered its forecast for future rate hikes Wednesday, Treasury Inflation-Protected Securities (TIPS) spiked along with expectations for higher inflation.
From just before the Fed announcement through mid-day Thursday, the iShares TIPS Bond (TIP) rallied by about $1.50 a share, touching an intra-day high of $13,51, a level not seen since last May.
Then came the Treasury auction, which surprised traders with weaker demand than expected . Not only were TIPS rallying, but the auction was $2 billion smaller than usual. But the buyers didn’t show up and by 2 p.m., the ETF was at $13.15.
Ian Lyngen of CRT Capital called the auction “uninspired” and noted fewer non-dealers bidding than usual....MORE