US treasury auctions $17 billion of 10 year treasury TIPS at a high yield of 1.495% | Forexlive

• High yield 1.495%
• WI level at the time of the auction 1.546%
• Tail -5.1 basis points
• Bid to cover 2.51X (previous 2.31X)
• Directs 12.67% vs previous 5.9%
• Indirects 85.84% vs previous 76.4%
• Dealers 1.49% vs previous 7.7%

The last 10-year TIPS was on May 18th. Strong demand.

The yields along the treasury curve are coming off a little bit at least in the shorter end:

• 2-year yield 4.849%, +9.4 basis points. The high yield reached 4.84%
• 10-year yield 3.866%, +12.4 basis points. The high yield reached 3.872%
• 30-year 3.922%, plus a .3 basis points. The high yield reached 3.925%