Summary
- The real yield of 1.003% set the coupon rate at 1%, which is favorable for investors.
- The inflation breakeven rate came in at 2.12%, up 28 basis points from a June 2017 auction of a similar term.
- The market reaction has been mild; this TIPS generated weaker demand but the yield was close to estimates.
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Treasury Inflation-Protected Securities 
Yes, in this case it was $10,000. I will add to that longer-term position if I see the opportunity. Of…