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 
Interesting question, and it raises many issues, which I may write about later this week. My TIPS ladder ends in…