U.S. 30-Year TIPS Sale Draws Weak Demand Amid Low Real Yi
This article is for subscribers only.
Demand declined at the Treasury’s auction of $9 billion in inflation-indexed bonds as investors balk at yields at record lows.
The bid-to-cover ratio for the Treasury Inflation Protected Securities, which gauges demand by comparing the amount bid with the amount offered, was 2.46, the second lowest since the security was brought back to market in 2010, and less than an average of 2.77 at the five auctions since sales resumed in February 2010.