Summary
- With a few days to go to Thursday’s auction, this TIPS is trading on the secondary market with a real yield of 1.19%, a two-year high.
- Investors will get this TIPS at a discount, because the after-inflation yield will be higher than the coupon rate of 1.0%.
- Buyers beware: Any 30-year Treasury will be a very volatile investment, especially in a time of rising interest rates and rising federal deficits.

On Schwab, I try to either take a screenshot of the buy order page before I submit the order, or…