Markets

US bond losses grow after poor TIPS sale

Published January 21, 2016 Updated January 21, 2016 08:52pm

1 min

By Shoaib Ur Rehman

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NEW YORK: US Treasuries prices extended their earlier drop on Thursday after weak investor demand at a $15 billion auction of 10-year Treasury Inflation Protected Securities resulted in their highest yield since May 2011.

The 30-year bond was down as much as 1 point in price with a yield of 2.808 percent. It was last down 24/32 in price, yielding 2.793 percent, up 4 basis points from late on Wednesday.

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