U.S. Treasury sells $26 billion a 5 year TIPS at a high yield of 1.182%

• High yield 1.182%
• WI level at the time of the auction 1.17%
• Tail 1.2 basis points versus 6 month average of 0.8 basis points
• Bid to cover 2.51X vs 6 month average of 2.40X
• Directs 24.4% versus 18.9% 6 month average
• INdirects 62.1% versus 70.4% average
• Dealers 13.5% versus 10.7% average

This article was written by Greg Michalowski at investinglive.com.