This is the fourth installment in my TIPS auction series. The previous posts in this series were:
- TIPS Auction Step By Step: Know the Schedule
- TIPS Auction Step By Step: Read the Announcement
- TIPS Auction Step By Step: Place the Order
After the auction is over, the Treasury Department publishes the official auction results on its website. Click on the PDF link in the “Competitive” column.
The most important number to look for in the PDF is the “High Yield” number. That’s the yield of the TIPS you just bought.
The broker will deduct this much from your account on the Issue Date for each TIPS you ordered:
Adjusted Price * 10 + Adjusted Accrued Interest per $1,000
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