New 10-Year TIPS Nabs 7-Year High Coupon Rate Of 0.75%

Posted on July 20, 2018 by Tipswatch

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.

Read my full analysis on SeekingAlpha.com

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About Tipswatch

Author of Tipswatch.com blog, David Enna is a long-time journalist based in Charlotte, N.C. A past winner of two Society of American Business Editors and Writers awards, he has written on real estate and home finance, and was a founding editor of The Charlotte Observer's website.
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