Summary
- Today’s result broke a string of 42 consecutive TIPS auctions of the 9- to 10-year term with a coupon rate below 0.75%.
- The actual real yield to maturity was 0.762%, slightly lower than expected, indicating good demand.
- But the inflation breakeven rate dipped to 2.08%, below very recent trends and indicating less-than-strong demand.
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Treasury Inflation-Protected Securities 
On Schwab, I try to either take a screenshot of the buy order page before I submit the order, or…