U.S. Treasury Auctions $21B of 10-Year TIPS at 2.438% Yield, Down from 2.169%

According to U.S. Treasury auction results, the Treasury auctioned $21 billion of 10-year Treasury Inflation-Protected Securities (TIPS) at a yield of 2.438%, down from 2.169% in the May 21 auction. The bid-to-cover ratio came in at 2.30, compared to 2.52 in the previous auction.
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