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U.S. 5-Year TIPS Auction May Yield Negative 0.162%, Survey Shows

The Treasury’s $18 billion sale of five-year inflation-indexed notes may draw a yield of negative 0.162 percent, according to the average forecast in a Bloomberg News survey of five of the Federal Reserve’s 22 primary dealers.

The Treasury Inflation Protected Securities, or TIPS, which mature in April 2019, yielded negative 0.16 in pre-auction trading. Bids are due by 11:30 a.m. New York time. The auction matches the record high of $18 billion sold last April.