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5-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.

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Most recent - Thursday 18 December 2025 18:00

1.182%

Actual

1.433%

Trading range

Announcement history

The most recent announced value for 5-year TIPS Auction was 1.433%.

Past events

Date

Actual

Thursday 18 December 2025 18:00

1.433%

Thursday 23 October 2025 17:00

1.182%

Tuesday 17 June 2025 17:00

1.65%

Thursday 17 April 2025 17:00

1.702%

Thursday 19 December 2024 18:00

2.121%

Thursday 24 October 2024 17:00

1.67%

Thursday 20 June 2024 17:00

2.05%

Thursday 18 April 2024 17:00

2.242%

Thursday 21 December 2023 18:00

1.71%

Thursday 19 October 2023 17:00

2.44%

Thursday 22 June 2023 17:00

1.832%

Thursday 20 April 2023 17:00

1.32%

Thursday 22 December 2022 18:00

1.504%

Economic context

Recent economic data has been moderately bearish for USD. Other recent announcements which may affect the market's interpretation of the next 5-year TIPS Auction result:

		Previous	Latest
Consumer Price Index (YoY)	Bearish change	3%	2.7%
Consumer Price Index ex Food & Energy (YoY)	Bearish change	3%	2.6%
Initial Jobless Claims	Bullish change	237K	224K
Philadelphia Fed Manufacturing Survey	Bearish change	-1.7	-10.2
S&P Global Composite PMI	Bearish change	54.2	53
S&P Global Manufacturing PMI	Bearish change	52.2	51.8
S&P Global Services PMI	Bearish change	54.1	52.9
Average Hourly Earnings (MoM)	Bearish change	0.4%	0.1%
Average Hourly Earnings (YoY)	Bearish change	3.7%	3.5%
Nonfarm Payrolls	Bullish change	-105K	64K
Labor Force Participation Rate	Bullish change	62.4%	62.5%
U6 Underemployment Rate	Bullish change	8%	-5%
Unemployment Rate	Bearish change	4.4%	4.6%
Retail Sales (MoM)	Bearish change	0.1%	0%
Retail Sales Control Group	Bullish change	-0.1%	0.8%
Retail Sales ex Autos (MoM)	Bullish change	0.1%	0.4%
Average Hourly Earnings (MoM)	Bullish change	0.2%	0.4%
Average Hourly Earnings (YoY)	Bearish change	3.8%	3.7%
Nonfarm Payrolls	Bearish change	108K	-105K
ADP Employment Change 4-week average	Bullish change	4.75K	16.25K
NY Empire State Manufacturing Index	Bearish change	18.7	-3.9
Initial Jobless Claims	Bearish change	192K	236K
Fed Interest Rate Decision	Bearish change	4%	3.75%
Interest Rate Projections - 1st year	(no change)	3.4%	3.4%
Interest Rate Projections - 2nd year	(no change)	3.1%	3.1%
Interest Rate Projections - 3rd year	(no change)	3.1%	3.1%
Interest Rate Projections - Current	(no change)	3.6%	3.6%
Interest Rate Projections - Longer	(no change)	3%	3%
Monthly Budget Statement	Bullish change	$-284B	$-173B
Employment Cost Index	Bearish change	0.9%	0.8%
ADP Employment Change 4-week average	Bullish change	-13.5K	4.75K
Michigan Consumer Expectations Index	Bullish change	51	55
Michigan Consumer Sentiment Index	Bullish change	51	53.3
UoM 1-year Consumer Inflation Expectations	Bearish change	4.5%	4.1%
UoM 5-year Consumer Inflation Expectation	Bearish change	3.4%	3.2%
Core Personal Consumption Expenditures - Price Index (MoM)	(no change)	0.2%	0.2%
Core Personal Consumption Expenditures - Price Index (YoY)	Bearish change	2.9%	2.8%
Personal Consumption Expenditures - Price Index (MoM)	(no change)	0.3%	0.3%
Personal Consumption Expenditures - Price Index (YoY)	Bullish change	2.7%	2.8%
Personal Income (MoM)	(no change)	0.4%	0.4%
Personal Spending	Bearish change	0.5%	0.3%

About 5-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
	United Kingdom		30-y Bond Auction

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