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.

Most recent - Thursday 20 November 2025 18:00

Previous
1.734%
Actual
1.843%

Next event - Thursday 22 January 2026 18:00

Previous
1.843%
Actual
-

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

Trading range

Announcement history

The most recent announced value for 10-year TIPS Auction was 1.843%.

Past events

Date
Actual
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%
Thursday 20 July 2023 17:00
1.49%
Thursday 18 May 2023 17:00
1.39%
Thursday 23 March 2023 17:00
1.18%

Economic context

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

PreviousLatest
ADP Employment Change 4-week averageBearish change11.75K8K
Industrial Production (MoM)(no change)0.4%0.4%
Initial Jobless ClaimsBullish change207K198K
NY Empire State Manufacturing IndexBullish change-3.77.7
Philadelphia Fed Manufacturing SurveyBullish change-8.812.6
Existing Home Sales Change (MoM)Bullish change0.7%5.1%
Producer Price Index (MoM)Bullish change0.1%0.2%
Producer Price Index (YoY)Bullish change2.8%3%
Producer Price Index ex Food & Energy (MoM)Bearish change0.3%0%
Producer Price Index ex Food & Energy (YoY)Bullish change2.9%3%
Producer Price Index (MoM)Bearish change0.6%0.1%
Producer Price Index (YoY)Bearish change3%2.8%
Producer Price Index ex Food & Energy (MoM)Bearish change0.4%0.3%
Producer Price Index ex Food & Energy (YoY)(no change)2.9%2.9%
Retail Sales (MoM)Bullish change-0.1%0.6%
Retail Sales Control GroupBearish change0.6%0.4%
Retail Sales ex Autos (MoM)Bullish change0.2%0.5%
Monthly Budget StatementBullish change$-173B$-145B
New Home Sales Change (MoM)Bearish change3.8%-0.1%
New Home Sales Change (MoM)Bearish change11.3%3.8%
Consumer Price Index (MoM)(no change)0.3%0.3%
Consumer Price Index (YoY)(no change)2.7%2.7%
Consumer Price Index ex Food & Energy (MoM)(no change)0.2%0.2%
Consumer Price Index ex Food & Energy (YoY)(no change)2.6%2.6%
ADP Employment Change 4-week averageBullish change11K11.75K
Michigan Consumer Expectations IndexBullish change54.655
Michigan Consumer Sentiment IndexBullish change52.954
UoM 1-year Consumer Inflation Expectations(no change)4.2%4.2%
UoM 5-year Consumer Inflation ExpectationBullish change3.2%3.4%
Building Permits (MoM)Bearish change1.415M1.412M
Housing Starts (MoM)Bearish change1.306M1.246M
Average Hourly Earnings (MoM)Bullish change0.1%0.3%
Average Hourly Earnings (YoY)Bullish change3.6%3.8%
Building Permits (MoM)Bullish change1.33M1.415M
Housing Starts (MoM)Bullish change1.291M1.306M
Labor Force Participation RateBearish change62.5%62.4%
Nonfarm PayrollsBearish change56K50K
U6 Underemployment RateBearish change-5%13%
Unemployment RateBullish change4.6%4.4%
Initial Jobless ClaimsBearish change200K208K
Nonfarm ProductivityBullish change3.3%4.9%
Unit Labor CostsBearish change1%-1.9%
Challenger Job CutsBearish change71.321K35.553K
Factory Orders (MoM)Bearish change0.2%-1.3%
ISM Services Employment IndexBullish change48.952
ISM Services New Orders IndexBullish change52.957.9
ISM Services PMIBullish change52.654.4
ISM Services Prices PaidBearish change65.464.3
JOLTS Job OpeningsBearish change7.449M7.146M
ADP Employment ChangeBullish change-29K41K

About 10-year TIPS Auction

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

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