20-year TIPS auctioned July 26
Just a reminder that the next 20-year TIPS auction is tomorrow. They're selling the January issue, so the real coupon is 2-3/8, but the current real yield is closer to 2%, so it will sell for above par tomorrow.
CPI-U for the last 6 months was 2.3%, so you're looking at an annualized nominal yield of around 6.6% this year, but that will of course fluctuate with CPI-U.
FWIW, I put in a small order, but I'm not very excited about 2% real. (Now give me 4% real, and I'll change over to a 100% TIPS portfolio.)