10-Year TIPS Reopens With A Yield Of 0.764%, Highest In Nearly 7 Years

Summary

The after-inflation yield was 21 basis points higher than the originating auction in January.
Because this TIPS has a coupon rate of 0.5%, buyers got it at a discount: about $97.93 for $100.43 of value, after accrued inflation is added in.
The inflation breakeven rate was 2.07%, indicating this TIPS is fairly priced against a nominal Treasury of the same term.