Summary
- The after-inflation yield of 1.093% was well below the real yield of 1.235% generated at an October auction of the same term.
- Indirect buyers – meaning big money investors like foreign central banks – bought a record 82% of the $8 billion offering, indicating strong demand.
- The inflation breakeven rate came in at 1.96%, below the number for recent auctions of this term.
This auction was greeted with apparent strong demand, with indirect bidders (primarily central banks, pension funds, and hedge funds) purchasing a record 82% of the $8 billion issue.
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