10-year TIPS auction yield is 1.43%
Tuesday, January 12th, 2010
Categorized as: TIPS
The high yield was 1.43% in the Treasury’s 10-year TIPS auction held yesterday. The actual interest rate that will be paid by the investment is 1.375% (1-3/8%). Consequently, the price for a $100 bond was set at $99.489212.
The bonds will have an issue date of January 15, so no adjustments for accrued interest or inflation apply to this sale.
TreasuryDirect investors purchased $56,732,300 of the total TIPS sale of $10,388,280,600. This is 0.56% (i.e., much less than 1%) of the total amount invested.