Monthly Archives: June 2018

30-Year TIPS Reopening Auctions With A Real Yield Of 0.934%

Summary The result matched market expectations, so no surprises. Investors had to pay a premium to get the coupon rate of 1.0%, with an adjusted price of about $103.31 for about $101.57 for par value. The inflation breakeven rate came … Continue reading

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Say ‘No’ To This Week’s 30-Year TIPS Auction

Summary While shorter-term real yields have been gradually increasing, the 30-year yield has actually been declining. Investors at Thursday’s auction will probably pay a 2% premium over par value because this TIPS currently has a market yield below the coupon … Continue reading

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