BREAKING: TREASURY BUYS BACK $750 MILLION IN TIPS

The US Treasury bought back $750 million of Treasury Inflation-Protected Securities (TIPS) on October 21, filling the maximum it had set for the operation, according to the results published on TreasuryDirect. Offers totaled $4.751 billion, more than six times the amount accepted, and Treasury took bonds in 8 of the 27 eligible issues, maturing between 2028 and 2035. The operation settles on October 22. Treasury asked for $750 million and was offered $4.751 billion, in the kind of bonds that $TIP tracks.