US treasury auctions off $15B of 10 year TIPS at a high yield of 2.18%

<p><br></p><ul><li>High yield 2.18%</li><li>WI 2.145%</li><li>Tail 3.5 basis points vs 0.8 basis points last</li><li>Bid to cover 2.84X vs 2.43X average</li><li>Directs&nbsp;16.2% versus an average of 15.9%</li><li>Indirects 70.2% versus 76.7% average<br></li><li>Dealers&nbsp;13.6% versus 7.3% average</li></ul><p>Weak demand from both&nbsp;international and domestic investors.</p><p><br></p><br><p><br></p>

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