10 year TIPS reopening will auction March 17

This is CUSIP 912828N71, a reopening of a 10-year Treasury Inflation-Protected Security that first auctioned on Jan. 21 with a coupon rate of 0.625% and a real yield (after inflation) to maturity of 0.725%.

Right now, this TIPS is trading on the secondary market with a yield to maturity of about 0.36% and price of about a price of about $102.48 for $100 of par value.

I posted an analysis of this reopening auction over at SeekingAlpha.com, I hope you will click over to view it:

Up Next: 10-Year TIPS Will Reopen At Auction March 17; Is It Worth A Look?


About Tipswatch

Author of Tipswatch.com blog, David Enna is a long-time journalist based in Charlotte, N.C. A past winner of two Society of American Business Editors and Writers awards, he has written on real estate and home finance, and was a founding editor of The Charlotte Observer's website.
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