Treasury 30-Year Inflation Debt Auction Foreign Demand a Record
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The Treasury’s sale of 30-year inflation-protected bonds received the highest demand on record from a group of investors that includes foreign central banks, a day after a report showed an unexpected rise in consumer prices.
Indirect bidders bought 64.5 percent of the $7 billion in Treasury Inflation Protected Securities yesterday, compared with the average of 46.7 percent at the past 10 auctions. The Treasury began releasing the bidder participation data when it resumed selling 30-year TIPS in 2010, after a nine-year hiatus. The debt was first offered in 1998.