Summary
- A week away, the yield to maturity is estimated at 0.39%, not awful but also not really attractive.
- The inflation breakeven rate of 1.99% indicates TIPS are no longer ‘cheap’ versus nominal Treasurys.
- Looking ahead: 5 more auctions of this maturity in 2017.
This is a particularly interesting auction because it is the first new-issue TIPS since the election of Donald Trump on November 8 set off turmoil in the Treasury market.
Treasury Inflation-Protected Securities 
I can do it, but I don't think you can. That deletion was an exact duplicate comment, which happens fairly…