Skip to content
Subscriber Only

TIPS Auction Draws Lowest Yield Since 2013 on Signs of Inflation

Updated on

Signs of firming consumer prices helped the U.S. auction $18 billion of inflation-indexed five-year debt at the lowest yield since 2013.

Demand for Treasury Inflation-Protected Securities has grown in recent weeks, pushing up the break-even rate, a closely watched measure of bond-market inflation expectations, to its highest level since September. Nominal Treasuries rallied after the sale.