5-Year TIPS Reopening Auctions With A Real Yield Of 0.117%

Summary

  • The after-inflation yield for CUSIP 912828X39 came in right at the expected number, rising 12 basis points since the originating auction on April 20.
  • The inflation breakeven rate was 1.66%, which is attractive when measured against nominal Treasurys.
  • This TIPS will have one more reopening auction in December. That one will be worth watching.

Read my full analysis on SeekingAlpha.com

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