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J.P.Morgan Expect 5-Year TIPS To Be Digested With Relative Ease

US TSYS/TIPS

J.P.Morgan note that Thursday will see the Treasury "auction $18bn new 5-year TIPS, $1bn larger than the last new-issue auction. Though 5-year real yields are trading near all-time lows and breakevens are near their widest levels since 2008, valuations now appear roughly fair, and the technical backdrop remains supportive. Thus we expect this supply will be digested with relative ease."

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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