Yikes! Blind bidding at tomorrow's TIPS auction. No thanks.
"As a TreasuryDirect investor, you won't actually place an auction bid. Large financial institutions do that outside of TreasuryDirect. However, you will receive the amount of TIPS you order at the highest interest rate determined in the auction. The actual price, yield, and rate of the investment won't be known until after the auction.
However, as of last Thursday, the Treasury calculated the 10-year yield of outstanding TIPS at 1.42%"
Jo