Treasury 10-Year TIPS Auction Bolstered by Whiff of Inflation
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The biggest gain in consumer prices excluding food and energy in five months helped push demand at the U.S. Treasury’s auction of 10-year inflation-index notes higher than the average of the 10 previous sales.
“There was a lot of customer demand,” said Thomas Simons, a government-debt economist in New York at Jefferies LLC, one of the 22 primary dealers that are obligated to bid at Treasury sales. “All things considered, it was a bulls-eye.”