The Treasury sells $12B of 52-month TIPS priced to yield -0.93% with a bid-to-cover of 3:1....
The Treasury sells $12B of 52-month TIPS priced to yield -0.93% with a bid-to-cover of 3:1. Direct bidders took down just 9% of the issue, indirect bidders 49%, with primary dealers mopping up the rest.
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