REFILE-US Treasury five-year TIPS supply draws strong demand
ReutersJun 17, 2025 5:23 PM
NEW YORK, June 17 (Reuters) - The Treasury's sale of $23 billion in reopened U.S. five-year Treasury Inflation-Protected Securities (TIPS) showed strong demand on Tuesday, as investors worried about inflation given the recent escalation in geopolitical tensions in the Middle East.
The auction priced at a high yield of 1.650%, lower than the market's forecast in when-issued trading at the bid deadline, suggesting no premium needed to take down the note.
The five-year TIPS yield US5YTIP=RR extended its fall, down 4.9 basis points at 1.652% following the auction.
The ratio of bids to the amount of five-year TIPS issue offered, a gauge of demand, was 2.53, the highest reading since April last year.
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