NEW YORK: The US Treasury Department on Thursday sold $13 billion of 10-year Treasury Inflation Protected Securities (TIPS) at a yield of 0.919 percent, which was below the 1.109 percent yield at the prior 10-year TIPS auction conducted in November.
The ratio of bids to the amount of 10-year TIPS offered was 2.42, the lowest reading since July. This gauge of overall auction demand was 2.59 at the prior auction.
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