10-year TIPS reissue auctions at 0.099%

The U.S. Treasury just posted the result of today’s auction of CUSIP 912828QV5, a 9-year, 8-month TIPS that auctioned at a yield to matury of 0.099%, close to but not quite the lowest rate in the history of 9- or 10-year TIPS auctions.

This TIPS has a coupon rate of 0.625%, so buyers paid a premium ($105.73 for each $100 of this issue).

The positive rate is a plus for TIPS buyers. Until very recently this TIPS was trading with a negative yield to maturity. The all-time low for a 9- or 10-year TIPS was for this same TIPS, 0.078% when it was reissued on Sept. 30.

 

 

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One Response to 10-year TIPS reissue auctions at 0.099%

  1. Vijay says:

    Thanks for the update! I now go to your site first for all TIPS info and advice. Many thanks!

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