10-Year TIPS Auctions With A Real Yield Of 0.489%

Summary

  • The coupon rate was set at 0.375%, so buyers got this TIPS at a discount.
  • The inflation breakeven rate came in at 1.76%, which is attractive.
  • Market reaction to the auction is trending negative, with yields rising and the TIP ETF falling after the auction’s close.

Read my full analysis on SeekingAlpha.com

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