Summary
- The current real yield estimate of 0.54% would be the highest at auction since January 2016.
- The inflation breakeven rate has inched up to 2.01%, but that’s still attractive enough versus the nominal Treasury’s yield of 2.55%.
- Looking ahead: 5 more auctions of this maturity in 2018.
Thanks David for the heads up on this. I also got a e-mail from TD about it being available. Mine…