Summary
- The real yield was about 37 basis points higher than the early October trend.
- The inflation-breakeven rate of 1.90% was the highest since May 2015.
- TIPS are drawing attention as fears of future inflation rise.
Today’s reopening auction of CUSIP 912828S50 – creating a 9-year, 8-month Treasury Inflation-Protected Security – resulted in a real yield of 0.369%. Here’s is the Treasury’s auction summary.
Treasury Inflation-Protected Securities 
How high did the 30 year t-bond yield get back when Paul Volker was fighting 1970's stagflation? 15% or so?…