A five-year TIPS auction today has a bid-to-cover ratio of 2.40, lower than the year-to-date average of 2.50. The measure of demand was 2.59 yesterday in a 20-year Treasury auction, compared to a ...

Today, the Treasury Department, Washington’s financing arm, kicked off this week’s auction series with a sale of $69 billion in debt expiring in two years. Investors were awarded a yield of 4. ...