US 10-year TIPS sell at 1.109% above inflation, a touch higher than expected

Results of the 10-year TIPS reopening

• $11 billion. 9-year, 8-month reopening
• 1.109% vs 1.107% in WI market
• Bid to cover at 2.59 vs 2.57 prior

1.109% plus inflation is the highest since 2010.