U.S. Treasury sells $26 billion a 5 year TIPS at a high yield of 1.182%

High yield 1.182%WI level at the time of the auction 1.17%Tail 1.2 basis points versus 6 month average of 0.8 basis pointsBid to cover 2.51X vs 6 month average of 2.40XDirects 24.4% versus 18.9% 6 month averageINdirects 62.1% versus 70.4% averageDealers 13.5% versus 10.7% average
This article was written by Greg Michalowski at investinglive.com.