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Review 10Y TIPS Re-Open

US TSYS/SUPPLY
Thursday's $13B 10Y TIPS auction re-open drew high yield of -0.805% w/2.50x bid-to-cover. High yld compares to -0.580% on prior auction on March 18, and 5-month average of -0.866%.
  • Indirect take-up was 68.60%, down from 73.91% in March; Primary dealer take-up 15.55%, little better than a 15.29% 5M average; Direct take-up 15.86% vs. 15.22% in March.

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