10-Year TIPS Auction on July 12
July 9, 2007 by TFBThe Treasury department announced today there will be an auction for $8 billion 10-year TIPS on 7/12/2007. The latest yield curve data show the 10-year yield at 2.79% as of 7/6/2007. If the yield holds at this level, it’s very good. I think the auction result will be a few basis points higher, perhaps at the 2.85% level. According to the action plan I made last month, I will skip this auction and look at the next auction on 7/24/2007 for the 20-year issue instead. If it hits 3.0%, I will buy some. If not, I will wait.
Related Posts:- TIPS Auction Step By Step: Know the Schedule
- TIPS Auctions on Jan. 11 and 23, 2007
- TIPS Auction on April 12, 2007
