Bid to cover 2.69 vs 2.43
The US treasury sold $13B of TIPs at 0.548%.
- The bid to cover came in at 2.69 versus 2.43
- US awarded 11% of 10 year TIPS to primary dealers
- US awarded 78.9% to indirect bidders
- The treasury allotted 91.1% at the high-yield
Strong demand for the inflation linked bonds.