A quick hit from Reuters:
The U.S. Treasury Department on Thursday sold $16 billion in five-year Treasury Inflation Protected Securities at a negative yield for the first time in a year, Treasury data showed.
Results at the latest TIPS auction were solid, analysts said, with the ratio of bids to the amount offered at 2.42, which was higher than 2.38 at the prior auction in December.HT: Ransquawk
Results of USD 16bln 5y TIPS auction: negative yield for the first time in a year
- Yield: -0.195% (Prev. 0.472%); WI stopped more than 2bps above the high yield
- B/C: 2.42 (Prev. 2.38)
- Indirects: 59.06% (Prev. 69.9%)
- Directs: 8.15% (Prev. 5.0%)
- Dealers: % (Prev. 25.0%)
- Allotted at high: % (Prev. 32.46%)
21 Apr 2016 - 18:02
