The Treasury Department sold $13 billion of inflation-indexed 9-year 8-month TIPs at a negative 0.720% yield, an adjusted price of 109.101900, with a 1/8% coupon.
Treasury Indexed 10-Year TIPs Go At -0.720% High Yield
NOV 21, 2012 11:32am ET
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Land isn't the only thing drying up in California, as the drought's economic impacts are dangerously closing in on the state's financial resources.
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