Turning to TIPS, the Committee supported increasing the 5y TIPS auction by $1bln (and the $1bln increase of the reopening of the 10y TIPS in September). With the information currently available, the Committee felt that unchanged nominal coupons, with a $1bln increase to the January 10y TIPS issuance, would likely be appropriate for the subsequent quarter. The Committee felt that continued marginal increases in 5y and 10y TIPS auctions were appropriate when considering the share outstanding, current TIPS maturity profile, and the limited number of TIPS auctions each quarter.
I can't remember the last time I found a dollar on the ground.
They're not up in the trees either.
Report to the Secretary of the Treasury from the Treasury Borrowing Advisory Committee July 31, 2024