Tipswatch retweeted
Thursday's 10-year Treasury yield decline of 0.193 percentage point (to 4.952%) is the largest single day yield decline since March 10, 2023, which is the day Silicon Valley Bank failed.
Replying to @KathyJones
About time. But one day too early for buyers at today’s TIPS auction
Today's 5-year TIPS auction got a real yield of 2.367%, good but not awe-inspiring. Auction investors got caught in a down-draft of Treasury yields ... tipswatch.com/2026/10/22/5-y…
Treasury's auction of a new 5-year TIPS got a real yield of 2.367%, caught in today's down-drift in yields. When-issued prediction was 2.36%, so demand was not stellar. Confusing day for the Treasury market.
Today's T-bill auction results: 4-week, investment rate of 4.012%, down from 4.068% last week. 8-week, investment rate of 4.096%, down from 4.132% last week.
Replying to @paulrubillo
I had a friend with a Toyota Avalon, a car you rarely see. Probably around a 2015. "Hey, this is really nice, what is this?" was my reaction.
Real yields are dropping fast this morning. Ahead of today's 5-year TIPS auction, the most recent 5-year is now yielding 2.45%, down about 7 basis points from yesterday. Lots of volatility pre-auction.
Replying to @MikeZaccardi
Thanks for the shout-out. I will be posting a preview of the rate change on Sunday. The composite rate will end up being 5.4% to 5.5%, very attractive.
Replying to @SlithyToveGyre
This TIPS auction is really hard to predict, but the result will end up being attractive.
Also today, reopening auction of 20-year Treasury bond: High yield of 5.469%, up from 5.420% last month. When issued prediction was 5.460.
Replying to @paulrubillo
But let's not forget the unique quality of TIPS: tipswatch.com/2026/10/18/thi…
Replying to @KenTumin
I was working in a newsroom that day. A wild time. Compares only to the Challenger explosion.
Replying to @TKopelman
I understand your view, but I do think paying a dividend enforces some financial responsibility on a company and a commitment to shareholders.



