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US 10-year TIPS sold at lowest yield in over a year

Published May 19, 2016 Updated May 19, 2016 08:45pm

1 min

By Shoaib Ur Rehman

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NEW YORK: The US Treasury Department on Thursday sold $11 billion of 10-year Treasury Inflation Protected Securities at a yield of 0.275 percent, the lowest level since an auction held in March 2015, Treasury data showed.

At the prior sale in March, the Treasury sold $11 billion of 10-year TIPS at a yield of 0.315 percent.

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