The Treasury sells $11B in reopened 10-year TIPS at 0.92% (.pdf). Bid-to-cover ratio of 2.97,...

|By:, SA News Editor

The Treasury sells $11B in reopened 10-year TIPS at 0.92% (.pdf). Bid-to-cover ratio of 2.97, vs. a recent average of 2.79; indirect bidders take 25.2%, vs. a recent 44%. Direct bidders take 7%, vs. a recent 2.5%.