10-year TIPS Auction

The US Department of Treasury issues Treasury Inflation-Protected Securities (TIPS) since 1997. TIPS offer investors a hedge against inflation, as the principal of this security increases with rising inflation and decreases with deflation. The US Department of Treasury auctions these securities on regularly scheduled events. Competitive bids at single-price auctions determine the interest rate paid on each issue, which is fixed. Rising interest rates on TIPS usually provide bullish signs on the US Dollar and vice-versa, lowering rates paid for these securities usually hint at a USD bearish trend.

Next event - Thursday 17 September 2026 17:00

Previous
2.438%
Actual
-

The typical/expected market impact of this event is low.

Most recent - Thursday 23 July 2026 17:00

Previous
2.169%
Actual
2.438%

Trading range

Announcement history

The most recent announced value for 10-year TIPS Auction was 2.438%.

Past events

Date
Actual
Thursday 23 July 2026 17:00
2.438%
Thursday 21 May 2026 17:00
2.169%
Thursday 19 March 2026 17:00
1.896%
Thursday 22 January 2026 18:00
1.94%
Thursday 20 November 2025 18:00
1.843%
Thursday 23 October 2025 17:00
-
Thursday 18 September 2025 17:00
1.734%
Thursday 24 July 2025 17:00
1.985%
Thursday 22 May 2025 17:00
2.22%
Thursday 20 March 2025 17:00
1.935%
Thursday 23 January 2025 18:00
2.243%
Thursday 21 November 2024 18:00
2.071%
Thursday 19 September 2024 17:00
1.592%
Thursday 18 July 2024 17:00
1.883%
Thursday 23 May 2024 17:00
2.184%
Thursday 21 March 2024 17:00
1.932%
Thursday 18 January 2024 18:00
1.81%
Tuesday 21 November 2023 18:00
2.18%
Thursday 21 September 2023 17:00
2.09%

Economic context

Recent economic data has been strongly bullish for USD. Other recent announcements which may affect the market's interpretation of the next 10-year TIPS Auction result:

PreviousLatest
Fed Interest Rate DecisionBullish change3.75%4%
Interest Rate Projections - 1st yearBullish change3.6%4.1%
Interest Rate Projections - 2nd yearBullish change3.4%3.9%
Interest Rate Projections - 3rd yearBullish change3.1%3.6%
Interest Rate Projections - CurrentBullish change3.8%4.1%
Interest Rate Projections - LongerBullish change3.1%3.2%
Retail Sales (MoM)Bullish change-0.5%1.2%
Retail Sales Control GroupBullish change-0.4%1.4%
Retail Sales ex Autos (MoM)Bullish change-0.2%1.4%
NY Empire State Manufacturing IndexBearish change20.67.6
ADP Employment Change 4-week averageBullish change12.25K16.25K
Monthly Budget StatementBullish change$-432B$-166.8B
Michigan Consumer Expectations IndexBearish change51.545.8
Michigan Consumer Sentiment IndexBearish change51.747.8
UoM 1-year Consumer Inflation ExpectationsBullish change4%4.6%
UoM 5-year Consumer Inflation ExpectationBullish change3.3%3.4%
Consumer Price Index (MoM)Bullish change0.1%0.4%
Consumer Price Index (YoY)(no change)3.4%3.4%
Consumer Price Index ex Food & Energy (MoM)Bullish change0.2%0.3%
Consumer Price Index ex Food & Energy (YoY)Bearish change2.5%2.4%
Existing Home Sales Change (MoM)Bearish change-1.7%-2%
Initial Jobless ClaimsBullish change207K206K
Producer Price Index (MoM)Bullish change0.1%0.4%
Producer Price Index (YoY)Bullish change4.8%5.4%
Producer Price Index ex Food & Energy (MoM)Bearish change0.3%0.2%
Producer Price Index ex Food & Energy (YoY)Bullish change4.3%4.6%
ADP Employment Change 4-week averageBullish change10K12K
Average Hourly Earnings (MoM)Bullish change0.2%0.3%
Average Hourly Earnings (YoY)Bearish change3.2%3.1%
Labor Force Participation RateBullish change61.4%61.6%
Nonfarm PayrollsBullish change21K162K
U6 Underemployment RateBullish change7.9%7.7%
Unemployment Rate(no change)4.1%4.1%
ISM Services Employment IndexBullish change47.447.8
ISM Services New Orders IndexBullish change57.260.9
ISM Services PMIBullish change54.155.4
ISM Services Prices PaidBullish change70.372.6
S&P Global Composite PMI(no change)5656
Initial Jobless ClaimsBearish change204K206K
Nonfarm Productivity(no change)1.4%1.4%
Unit Labor CostsBearish change1.3%1.2%
Challenger Job CutsBullish change33.429K52.881K

About 10-year TIPS Auction

Country:United States
Currency:USD
Source:US Department of Treasury
Category:Bond Auctions
Frequency:Irregular

Related events

Spain
30-y Bond Auction
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