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U.S. TIPS yields rise to highest since January
March 8, 2017 / 3:52 PM / 9 months ago

U.S. TIPS yields rise to highest since January

NEW YORK, March 8 (Reuters) - Yields on U.S. Treasury Inflation Protected Securities climbed on Wednesday to their highest since January in a bond market selloff following stronger-than-expected U.S. private jobs data in February from payroll processor ADP.

The 10-year TIPS yield reached 0.549 percent earlier Wednesday, which was last seen on an intraday basis on Jan. 3. It was last at 0.538 percent, up 5 basis points from late on Tuesday, Tradeweb data showed.

Reporting by Richard Leong

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