New 30-Year TIPS Auctions With A Real Yield Of 0.923%

Summary

  • The coupon rate was set at 0.875%, so buyers got it at a discounted price of about $98.76 for $100 of value.
  • The inflation breakeven rate came in at 2.13%, higher than recent auctions.
  • Market reaction to the auction looks mild, but did the yield come in higher than expected?

Read my full analysis at SeekingAlpha.com

Unknown's avatar

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.
This entry was posted in Investing in TIPS. Bookmark the permalink.

Leave a comment