A new 30-year Treasury Inflation-Protected Security, CUSIP 912810SG4, auctioned Thursday with a real yield of 1.093%, about 14 basis points lower than the result of a similar auction four months ago.
The auction set the new TIPS' coupon rate at 1.00%, meaning that buyers got it at a discount, with an adjusted price of about $97.48 for $100 of value. The coupon rate matches the result of a new-issue auction in February 2018, when the real yield (meaning yield above inflation) was slightly less, 1.003%. But that same 2018 TIPS, CUSIP 912810SB5, reopened in October