The yield on the US 10-year TIPS reaches its highest level since 2008

Jinse Finance reported that on July 24, the U.S. Treasury issued $21 billion in 10-year Treasury Inflation-Protected Securities (TIPS) with a winning yield of 2.438%, marking a new high since 2008. This rate is about 2 basis points higher than market expectations at the bidding deadline of 1 p.m. New York time, indicating that demand was lower than expected.