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 in at 2.12%, exactly where it was in the February originating auction.

Read my full analysis on SeekingAlpha.com

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