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US sells 5-year TIPS at +1.832% vs 1.794% expected | Forexlive

  • Prior was was +1.320%
  • Bid to cover at 2.56 vs 2.34 prior

This is the highest yield at a 5y TIPS sale since the pandemic but it’s much lower than the market was expecting. It doesn’t matter to the broader bond market though with yields (and USD/JPY) at the highs of the day.