Monthly Archives: May 2018

10-Year TIPS Reopening Generates Real Yield Of 0.934%, Highest In 7 Years

Summary This was the highest after-inflation yield for any 9-to-10 year TIPS auctioned since January 2011. A yield of 0.934% above inflation is moving the return on a 10-year TIPS back into “more normal” levels after years of yield suppression. … Continue reading

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10-Year TIPS: Thursday’s Reopening Is Another Attractive Auction

Summary The real (after-inflation) yield looks likely to climb above 0.80%, a seven-year high for TIPS of this term. The inflation breakeven rate is climbing toward 2.15%, meaning this TIPS is not “cheap” versus a nominal Treasury. But it’s not … Continue reading

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