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Non-Tech : Banks--- Betting on the recovery
WFC 87.30+0.4%Nov 3 9:30 AM EST

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From: Sr K3/22/2012 5:26:34 PM
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from wsj.com

By CYNTHIA LIN

NEW YORK—The U.S. government sold debt at a record low yield Thursday, as buyers accepted a negative payment for the second time in history on 10-year notes that shield them from the threat of inflation.

Buyers accepted a negative-0.089% yield in the sale of $13 billion of 10-year Treasury Inflation-Protected Securities, or TIPS, reflecting their willingness to pay a premium to own U.S. government debt, perhaps on the belief that they will be compensated with rising inflation down the line. In January, the securities sold at a negative-0.046% yield.
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