10-year TIPS auctions at -0.630%, well above record low

The U.S. Treasury announced today that its auction of a new 10-year Treasury Inflation-Protected Security went off with a coupon rate of 0.125% and a yield to maturity of -0.630%, well above the record-low yield of -0.750% for 9-year, 10-month reissue last year in September.

This is the second 10-year TIPS auction in a row that failed to set a record low, a good trend for TIPS buyers who have been seeing yields negative to inflation for nearly two years, well up the maturity ladder.

Read the Treasury’s announcement for CUSIP 912828UH1

Because buyers are getting a yield 0.755% below the coupon rate, they will be paying up for this issue, about $107.50 for every $100 of value.

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5 Responses to 10-year TIPS auctions at -0.630%, well above record low

  1. Sam says:

    Thanks for the information, I find your page very usefl.

  2. Pingback: Next up: 10-year TIPS reissue to be auctioned March 21, 2013 | Treasury Inflation-Protected Securities

  3. Pingback: Another 10-year TIPS auction, and another world crisis … | Treasury Inflation-Protected Securities

  4. Pingback: Next up: 10-year TIPS reissue will auction May 23, 2013 | Treasury Inflation-Protected Securities

  5. Pingback: Recapping 2013: The year in TIPS | Treasury Inflation-Protected Securities

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