30-Year TIPS Reopening Auctions With A Real Yield Of 1.235%

Summary

  • The after-inflation yield of 1.235% was higher than where this TIPS was trading in the secondary market. That indicates weak demand.
  • The yield was the highest for any 29- to 30-year TIPS auction since February 2014.
  • The inflation breakeven rate came in at 2.13%, in line with recent auctions of this term.

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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