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The hunt for yield knows no bounds, even into inflation protection - as the Treasury saw a big...
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Thursday, August 18, 2011, 1:48 PM ETThe hunt for yield knows no bounds, even into inflation protection - as the Treasury saw a big direct bid in selling $12B in reopened five-year TIPS at -0.825%. Bid-to-cover ratio of 2.49; indirect bidders took 47.2%. Direct bidders took 17%. Deflation or not, TIPS are benefiting from a rush to safety. (earlier)
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