US treasury sells $25 billion of 5year TIPS at a high yield of 1.732% | Forexlive

The US treasury sold $25B of 5 year TIPS at a high yield of 1.732%

• Bid to cover was 2.38X vs. six-month average of 2.64X
• Tail 1 bp vs six-month average of -3.1 basis points
• directs 17.0% vs. six-month average of 13.2%
• Indirects 75.3% vs. six-month average of 75.0%
• Dealers 7.7% vs. six-month average 11.8%.