The US treasury auctions $20B of 10 year TIPS at a high yield of 2.243%

• High yield 2.243%
• WI 2.232%
• Tail 1.1 bps
• Bid to cover 2.48X vs 6 month average of 2.41X
• Directs 16.7% vs 18.5% average
• Indirects 66.51% vs 71.8% average.

This article was written by Greg Michalowski at www.forexlive.com.