5-Year TIPS Auction Results
Results of every 5-year TIPS auction from Oct 23, 2025 to Jun 18, 2026 (4 auctions), from the U.S. Treasury Fiscal Data API. The latest 5-year TIPS auction, on Jun 18, 2026, produced a high real yield of 1.955% (+58.8 bp vs the prior auction on Apr 23, 2026), with a bid-to-cover ratio of 2.61.
U.S. Treasury securities: not FDIC-insured · not bank deposits · market value can change before maturity
- Latest high real yield1.955%
- Low in this period1.182%
- High in this period1.955%
- Auctions on file4 since
Upcoming 5-year TIPS auctions
| Auction date | Security | Term | CUSIP | Offering amount | Issue date | Status | Source |
|---|---|---|---|---|---|---|---|
| TIPS | 5-Year | 91282CRR4 | $26 billion | Announced | announcement PDF |
Source: U.S. Treasury, Bureau of the Fiscal Service — Upcoming Auctions and Treasury Securities Auctions Data (Fiscal Data API), retrieved 2026-10-16 22:52 CDT. “Tentative” = on the Treasury schedule, offering announcement pending, so no amount yet; dates and amounts are set by Treasury and can change.
5-Year TIPS auction history
| Auction date | Security | Term | CUSIP | Headline rate | Bid-to-cover | Change vs prior same-term | Source |
|---|---|---|---|---|---|---|---|
| TIPS (reopening) | 4-Year 10-Month | 91282CQP9 | 1.955% real yield | 2.61 | +58.8 bp vs Apr 23 | results PDF | |
| TIPS | 5-Year | 91282CQP9 | 1.367% real yield | 2.57 | −6.6 bp vs Dec 18 | results PDF | |
| TIPS (reopening) | 4-Year 10-Month | 91282CPH8 | 1.433% real yield | 2.62 | +25.1 bp vs Oct 23 | results PDF | |
| TIPS | 5-Year | 91282CPH8 | 1.182% real yield | 2.51 | — | results PDF |
Source: U.S. Treasury Fiscal Data API, Treasury Securities Auctions Data, retrieved 2026-10-16 22:52 CDT; each row links to the official TreasuryDirect results PDF. Bills: investment rate (bond-equivalent) and discount rate. Notes/bonds: high yield and coupon. TIPS: high real yield (before inflation adjustment). FRNs: high discount margin. bp = basis points (0.01 percentage point). Change compares the headline rate with the prior auction of the same security type and term.
Download: 5-year-tips.csv