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Today's TIPS Sale : Negative-0.089%

TedTed
edited March 2012 in Fund Discussions
NEW YORK—The U.S. government sold debt at a record low yield Thursday, as buyers accepted a negative payment for the second time in history on 10-year notes that shield them from the threat of inflation.

Buyers accepted a negative-0.089% yield in the sale of $13 billion of 10-year Treasury Inflation-Protected Securities, or TIPS, reflecting their willingness to pay a premium to own U.S. government debt, perhaps on the belief that they will be compensated with rising inflation down the line. (Copy & Paste) WSJ.Com
Regards,
Ted

Comments

  • Old_JoeOld_Joe
    Wow. Nobody but nobody knows which way to jump here... Thanks
  • catch22catch22
    edited March 2012
    Having followed this area; I recall TIPs auctions have been negative yield for the past 12 months or so, due to over subscription of the issue base. Though the value previous was with the forward price movements.
    TIPs funds in general have moved sideways since late January, in sympathy with Treasury issues. Will being watching for trend directions.
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