5-year TIPS auction yield is -0.18%

Friday, April 22nd, 2011
Categorized as: TIPS

The high yield was -0.18% in the Treasury’s 5-year TIPS auction held yesterday. This is the yield TreasuryDirect buyers – who accounted for one-third of one percent (up from the more typical one-fourth of one percent) of the buying – received.

The median yield was -0.26% (half the buyers got that rate or lower) and the low yield was -0.40% (5% of the buyers got that rate or lower).

This rate is the second lowest at-auction TIPS rate ever. Only last October’s -0.55% was lower. This auction pretty much guarantees that the next I bond fixed base rate – to be announced May 1 – will be 0%. And it even makes 0% look like a good deal.

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FDIC Insured Certificates of Deposit can pay 1 or 2% more than savings bonds when held for a similar length of time. See top CD Rates Below:

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