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

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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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