Summary
- The year was marked by rising short-term real yields, as longer-term yields held stable or declined.
- If economic growth continues, longer-term real yields should begin rising. Watch for the 10-year real yield to climb toward 1.0%.
- The year’s TIPS auctions offered a couple of buying opportunities. Not spectacular, but solid, safe investments.
Treasury Inflation-Protected Securities 
I do hear from people wanting to hold a 30-year TIPS in a taxable account because they have no access…