US treasury auctions $18B of 10 year TIPS at high yield of 2.22%

• High yield 2.22%
• WI level at the time of the auction 2.22%
• Tail 0.0 bps
• Bid to cover 2.36X vs six month average 2.39X average
• 16.7% vs six month average of 20.7%
• 71.4% vs six month average of 68.9%
• Dealer 11.9% vs six month average of 10.4%

This article was written by Greg Michalowski at www.forexlive.com.