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.
Patrick, you wrote: "Brokered CDs do not compound interest, so CDs that pay every six months or annually are not…