Monthly Archives: April 2020

Real Yield On New 5-Year TIPS Dips Deeply Negative, At -0.32%

Summary The new Treasury reality is negative real returns and stunningly low inflation expectations. The auction result of a real yield to maturity of -0.320% matched the Treasury’s overnight estimate. The inflation breakeven rate of 0.69% makes this TIPS – … Continue reading

Posted in Investing in TIPS | Leave a comment

As 5-Year TIPS Auction Approaches, Real Yields Are On The Move

Summary A new 5-year Treasury Inflation-Protected Security — CUSIP 912828ZJ2 — will be created at auction Thursday. This TIPS looks likely to get a real yield to maturity in the range of -0.20% to -0.30%, but a firm prediction is … Continue reading

Posted in Investing in TIPS | Leave a comment