10-Year TIPS Reopening Auctions With A Real Yield Of 0.466%

Summary

  • 10-year TIPS yields have been holding under 0.50% even as the Federal Reserve raises short-term rates.
  • The inflation breakeven rate dipped to 1.95%, under the 2.00% mark where it had been riding for most of 2017. Inflation expectations are stable right now.
  • Buyers at today’s reopening got this TIPS at a slight discount and a slightly higher yield than at the originating auction in January.

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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