Author Archives: Tipswatch

The U.S. Treasury announced today that its auction of a new 10-year Treasury Inflation-Protected Security went off with a coupon rate of 0.125% and a yield to maturity of -0.630%, well above the record-low yield of -0.750% for 9-year, 10-month … Continue reading →

Buyers have until noon Thursday to place an order for a new-issue, 10-year Treasury Inflation-Protected Security (CUSIP 912828UH1), so I thought I’d take another look at this issue, which I wrote about last week. Yes or no? I’m solidly in … Continue reading →

The Treasury will announce this tomorrow, but I can give you the scoop on next week’s auction: A new-issue 10-year Treasury Inflation-Protected Security. This will be CUSIP 912828UH1. (Update: Here is the Treasury’s announcement.) The coupon rate? That will be … Continue reading →

I stumbled upon this fact yesterday as I was looking at historical TIPS prices: TIPS have outperformed stocks in the last five years, despite four consecutive positive years for the stock market. Over the last five years, the TIP ETF … Continue reading →

I try to check, at least occasionally, the TIPS inflation breakeven rate – determined by subtracting the current TIPS yield from the current nominal Treasury rate for the same term. A high 10-year breakeven rate (generally above 2.5%) indicates that … Continue reading →