1:36 PM » Treasurys hold gains after 10-year TIPS auction
NEW YORK (MarketWatch) -- The Treasury Department sold $13 billion in 10-year Treasury inflation-protected securities Thursday at a yield of 0.560%. Bidders offered to buy 2.59 times the amount of debt sold, compared to an average of 2.55 times at the last six sales. Indirect bidders, a group that includes foreign central banks, bought 46.7%, versus 53.5% in recent sales. Direct bidders, which include domestic money managers, purchased another 21.5%, versus an average of 8.1%. The broader bond market remained higher after the auction. Yields on nominal 10-year notes , which move inversely to prices, fell 1.5 basis points to 2.792%.