5-Year TIPS Reopening Auctions With A Real Yield Of 0.370%

Posted on December 21, 2017 by Tipswatch

Summary

  • The after-inflation yield of 0.370% was the highest in two years for any 4- to 5-year TIPS auction.
  • Reaction to the auction looks positive, with the TIP ETF rising minutes after the close, indicating higher demand.
  • The inflation breakeven rate came in at 1.87%, a bit higher than recent trends. This is another indication of good demand for this issue.

Read my full analysis on SeekingAlpha.com

About Tipswatch

Author of Tipswatch.com blog, David Enna is a long-time journalist based in Charlotte, N.C. A past winner of two Society of American Business Editors and Writers awards, he has written on real estate and home finance, and was a founding editor of The Charlotte Observer's website.
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