Thursday’s auction of 10-year Treasury Inflation Protected Securites was greeted with tepid demand — the resulting yield was 0.887 percent, higher than the rate that looked likely a week ago.
Inflation fears have diminished in the last few days, because the economy isn’t showing any signs of heating up.
The dated date of the 10-year TIPS is Jan. 15, 2011. The issue date is May 31, 2011. The TIPS mature Jan. 15, 2021.
The CUSIP number is 912828PP9.