US Treasury auctions off $13 billion and 10 year inflation index notes at -0.58% – ForexLive

WI at -0.56%

  • High yield -0.58% vs WI of -0.56%
  • Bid to cover 2.42x vs 2.68X last
  • Dealer 10.76% vs 17..6% last
  • Directs 15.2% vs 19.5% last
  • Indirects 74.0% vs 62.8% last 

TIPS are indexed to inflation in order to protect investors from a decline in the purchasing power of their money. As inflation rises, TIPS adjust in price to maintain its real value.

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