I’ll be writing more about this later, but I thought I’d give a heads up that the Treasury has formally announced it will auction a new-issue 10-year Treasury Inflation-Protected Security on Jan. 23, 2014. This is CUSIP 912828B25 and the coupon rate and yield to maturity will be set at auction.
A 10-year TIPS is currently yielding about 0.62%, down about 18 basis points since Dec. 31.
Treasury Inflation-Protected Securities 
Patrick, you wrote: "Brokered CDs do not compound interest, so CDs that pay every six months or annually are not…