The Treasury auctions $11B in 5-year TIPS at 0.550% (.pdf). Bid-to-cover ratio of 3.15; indirect...

|By:, SA News Editor

The Treasury auctions $11B in 5-year TIPS at 0.550% (.pdf). Bid-to-cover ratio of 3.15; indirect bidders take 23.1%. Treasurys held modest gains for the most part; the 10-year yield -0.01 to 3.81%; 5-year -0.01 to 2.57%.