Summary
- The real yield came in 19 basis points below a similar reopening auction in November 2018, just two months ago.
- The inflation breakeven rate of 1.82% was the lowest for this term since an auction in September 2017, a positive for investors.
- End result: No surprises, because the real yield came close to the Treasury’s real yield estimates of the last two days.
I can do it, but I don't think you can. That deletion was an exact duplicate comment, which happens fairly…