10-year TIPS auction yield is 1.485%
Thursday, July 10th, 2008
Categorized as: TIPS
The high yield was 1.485% in the Treasury’s 10-year TIPS auction held today.
The actual interest rate that will be paid by the investment is 1.375% (1-3/8%). The price for a $1,000 bond was set at $989.81282.
The bonds will have interest payment days of January 15 and July 15.
TreasuryDirect investors purchased $24,863,300 of the TIPS – about 3.1 tenths of one percent of the total amount invested. This includes both the online and legacy versions of TreasuryDirect.