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.

Possibly, during this transition period, because you could still log in the traditional way until Oct. 28. You have that…