August 22, 2019 / 5:32 PM / a month ago

Primary dealers get record low share of U.S. 30-year TIPS supply

NEW YORK, Aug 22 (Reuters) - The U.S. Treasury Department on Thursday awarded primary dealers their smallest ever share of 30-year Treasury Inflation Protected Securities at an auction as investors took majority of the supply, Treasury data showed.

Primary dealers received 10.63% of the $7 billion in 30-year TIPS offered, resulting in their yield to be sold at 0.501%, which was the lowest yield at an auction of this maturity since October 2012.

Reporting by Richard Leong

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