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 “expensive,” either.
- Think real yields will continue climbing? You’ll have three more chances in 2018 to buy a TIPS of this term.
Treasury Inflation-Protected Securities 
https://www.cnbc.com/2025/12/18/trust-these-numbers-economists-see-a-lot-of-flaws-in-delayed-cpi-report-showing-downward-inflation.html "The BLS might have carried forward prices in some categories, effectively assuming 0% inflation...” So the shutdown was just…