The "reopen" means that the coupon rate has already been set. So the auction will be determining one thing (the price) rather than two things (the price and the coupon rate). But it's still direct from Treasury, not a purchase from the secondary market.- 10yr US treasury inflation index REOPEN- yield 2.096 (do not understand the “reopen” “part) - is it better to buy this instead of VIPSX or VTAPX?
The coupon rate is 1.75, if you're talking about the one that auctions on 5/23. So the coupon payments will be 1.75 applied an inflation-adjusted principle, and therefore go up with inflation.
If anyone disagrees with me, odds are they're right and I'm wrong.
I plan to buy some.
Statistics: Posted by BirdFood — Fri May 17, 2024 10:49 pm — Replies 1 — Views 179