Summary
- The after-inflation yield was the lowest for any 9- to 10-year TIPS auction since January 2018.
- The inflation breakeven rate came in at 1.94%, a fair number that indicates this TIPS is neither cheap nor expensive versus a nominal Treasury.
- Looking for a better option for inflation protection? Consider U.S. Series I Savings Bonds, purchased through April 30.
Read my full analysis on SeekingAlpha.com
Treasury Inflation-Protected Securities 
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