The US sold 10-year inflation-protected bonds at -0.637%. It’s a record (by 25 bps) but slightly higher than the 0.658% the market was expecting.
The bid-to-cover was 2.62 compared to 3.01 in May.
Mega-demand for safety and risk trades are still rising. I guess you can buy anything at any price as long as the Fed is there to buy it from you later.
