Summary
- Real yields fell sharply this week in reaction to White House turmoil.
- The 10-year inflation breakeven rate came in at an attractive 1.79%, making this TIPS attractive versus a nominal Treasury.
- Market reaction looks positive, with TIPS yields falling after the auction close.
Treasury Inflation-Protected Securities 
A few months ago I posted projected IRMAA brackets. Now that 11 of 12 months are known, I looked again,…