The Treasury sells $15B in 10-year TIPS at a record-low yield of -0.637% with a bid-to-cover...

|By:, SA News Editor

The Treasury sells $15B in 10-year TIPS at a record-low yield of -0.637% with a bid-to-cover ratio of 2.62:1. The tepid demand (can you blame the buyers) causes TIPS yields to rise a hair post-auction. TIP +3.7% YTD.