10-Year TIPS Will Reopen Thursday, Here’s What To Expect

Summary

  • The current real yield of 0.34% would fall below results for the last five 9- to 10-year TIPS auctions.
  • At that yield, investors would have to pay a slight premium to par value.
  • The current inflation breakeven rate of 1.86% is solidly in the neutral range. This TIPS isn’t cheap versus a nominal Treasury.

Read my full analysis on SeekingAlpha.com

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