July 18, 2019 / 5:18 PM / 5 months ago

U.S. 10-year TIPS sold at lowest yield since 2016

NEW YORK, July 18 (Reuters) - The U.S. Treasury Department on Thursday sold $14 billion of 10-year Treasury Inflation Protected Securities at a yield of 0.282%, which was the lowest yield for this type of government debt at an auction since September 2016, Treasury data showed.

The ratio of bids to the amount of 10-year TIPS offered was 2.28, which was the lowest reading in a year. This measure of overall auction demand was 3.07 at the previous 10-year TIPS sale conducted in May. (Reporting by Richard Leong Editing by Susan Thomas)

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