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.
Treasury Inflation-Protected Securities 
This is a personal decision and depends on your other investment options. If you think inflation will continue to be…