The Treasury sells $10B in reopened five-year TIPS at a yield of -0.55% - a negative real yield...

|By:, SA News Editor

The Treasury sells $10B in reopened five-year TIPS at a yield of -0.55% - a negative real yield (a first) showing stronger inflation expectations from buyers. Bid-to-cover ratio of 2.84, vs. a recent 2.58; indirect bidders take 39.4% vs. a recent 34.6%. Direct bidders take 3.2%. Treasurys stayed higher: 30-year yield -0.06 to 3.88%; 10-year -0.04 to 2.51%; 5-year -0.01 to 1.13%.