TIPS First Ever Negative Yield Auction

Bloomberg story: Treasury Draws Negative Yield for First Time During TIPS Sale.

The Treasury sold $10 billion of five-year Treasury Inflation Protected Securities at a negative yield for the first time at a U.S. debt auction as investors bet the Federal Reserve will be successful in sparking inflation.

This entry was posted on Tuesday, October 26th, 2010 at 1:43 am and is filed under Markets. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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