NEW YORK: The US government on Thursday sold $14 billion of five-year Treasury Inflation Protected Securities to strong demand, resulting in a yield of 0.370 percent, which was the highest in two years at an auction for this maturity, Treasury data showed.
The ratio of bids to the amount of five-year TIPS offered was 2.78, which was the strongest level since August 2012. This measure of overall demand was 2.41 at the prior five-year TIPS auction held in August.
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