Another TIPS question! This time, on TIPS themselves.
I saw that in the latest treasury auction of 10 Year inflation protected notes (TIPS), that the latest Rate was down to 1.875 and the Yield was 1.999.
Does this mean that the assumed inflation adjustment is 1.999 minus 1.875 = .124 on an annual basis 
Or is there a formula that is used to calculate the Yield from the Rate and the assumed inflation adjustment, that I can work backwards from?
And is this on an annualized basis for TIPS? I saw that I-Bonds were done on a 6 month basis.
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-- Telly, the D-I-Y guy --
Two fools dancing on the hands of time
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