Analysis of the Recent US Treasury Auction of 10-Year TIPS +1.932%
Thursday, 21 March 2024, 17:01
US Treasury Auction Details:
The recent US Treasury auctioned $21 billion in 10-Year TIPS at a rate of +1.932%, surpassing the +1.91% WI benchmark. This rate supersedes the prior high yield of +1.81%, showing robust investor interest.
Market Implications:
On-the-run 10-year Treasury bonds currently trade at 4.27%, prompting analysis of expected inflation and term premium. The auction results hint at potential dovish sentiments in the market.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.