April TIPS auction yield is 2.409%
Thursday, April 13th, 2006
Categorized as: Yesterday's News (old post archive)
Yesterday the Treasury held an auction for additional January 2006 10-year TIPS, which have a coupon rate of 2%. The price was 96.480271, which creates an actual yield of 2.409%.
TreasuryDirect investors will pay $969.89 for a single $1,000 face value TIPS. The price includes an interest reimbusement for the January – April period ($5.08378), which will be returned to investors as part of their July interest payment.
TreasuryDirect investors purchased about one-fourth of one percent of the securities. This includes both the online and legacy versions of TreasuryDirect.