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.
- The inflation breakeven rate was 2.18%, higher than any recent auction. Inflation expectations are rising.
Read my full analysis on SeekingAlpha.com
Treasury Inflation-Protected Securities 
Note, "when you establish an account..." It does say "at any time" (perhaps someplace else?) Regs are tricky!