US Treasury sells $8 billion of indexed 30 year bonds at a high yield of 1.97%

<p>The U.S. Treasury sold $8 billion of indexed TIPS bonds at a high yield of 1.97%</p><ul><li>Bid to cover came in at 2.42X versus 2.38X last</li><li>Tail: +2 bps </li><li>Dealers 4.3% versus 9.9% previously</li><li>Directs: 19.6% versus 14.1% last</li><li>Indirects 76.2% versus 76.7% last.</li></ul><p>Strong domestic demand for the auction</p>

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