The US Treasury Department announced on Thursday that it sold $9 billion in 30-year Treasury Inflation-Protected Securities (TIPS) at a high yield of 2.403%.
The securities, which mature in February 2055, carried an interest rate of 2.375%. The auction was finalized with a bid-to-cover ratio of 2.48. Indirect bidders, which include foreign and international buyers, were awarded $6.93 billion, while direct bidders secured $1.37 billion. Primary dealers took just $647 million.
Following the announcement at 1:26 am ET, the US 30-year Treasury yield was flat at 4.744%.
