Anyone Like Savings Bonds?

[Maurice]

I put my bid in Friday!

 

[Maurice]

Auction results on the 20yr TIPS came out, 2.5%.

 

[youbet]

Auction results on the 20yr TIPS came out, 2.5%.

I bought some too. Actual came in, as you say, at 2.5%, the same as the coupon.

 

[FIRE'd@51]

Looks like a decent rate in a historical context

20-year TIPS

 

[Maurice]

Yeah, better than expected. This from BB:

The auction of 20-year Treasury Inflation Protected Securities, or TIPS, drew a yield of 2.50 percent, compared with an average forecast of 2.37 percent by seven bond-trading firms in a Bloomberg News survey before the sale.
Investors bid for 1.92 times the amount of debt on offer, below the average bid-to-cover ratio of 1.98 for the previous five auctions. Indirect bidders, a class of investors that includes foreign central banks, were awarded 54 percent of the securities. The average for the previous five sales was 57.2 percent.