The Treasury sells $13B in reopened 10-year TIPS at -0.089% vs. +0.887 at last May's auction. Bid-to-cover ratio was 2.82 vs. 2.66 last time; indirect bidders take 40.4% vs. 40.7%. Direct bidders take 21.1% vs. 3.1%, with primary dealers making up the rest.
The Treasury sells $13B in reopened 10-year TIPS at -0.089% vs. +0.887 at last May's auction....
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