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.
Treasury Inflation-Protected Securities 
Yes, in this case it was $10,000. I will add to that longer-term position if I see the opportunity. Of…