The Treasury sells $7B in 30-year TIPS at 1.768% (.pdf), with solid interest in the first of a...

|By:, SA News Editor

The Treasury sells $7B in 30-year TIPS at 1.768% (.pdf), with solid interest in the first of a week of auctions. Bid-to-cover ratio of 2.78, vs. a prior 2.23; indirect bidders take 38.9%, vs. a prior 42.4%. Direct bidders take 28%, vs. 6.4% in February. Treasurys little changed; 30-year yield still +0.02 to 3.68%; 10-year -0.01 to 2.61%.