The US Department of Treasury announced after their November quarterly refunding meeting they will discontinue issuing 20-year TIPS and start issuing 30-year TIPS.

The Treasury Department included these paragraphs about TIPS in their August 2009 Quarterly Refunding Statement (emphasis added):

Treasury is committed to issuing TIPS in a regular and predictable manner across the yield curve. These securities are an important part of our overall debt management strategy, and market participants can expect issuance to gradually increase in FY 2010.

In a recent interview with Consuelo Mack of the TV program WealthTrack, David Swensen, the Chief Investment Officer of Yale University, said he liked new-issue TIPS.

The 10-year TIPS auction closed on April 7, 2009 at 1.589%. With inflation adjustment and accrued interest, each $1,000 bond will cost $1,038.46267. For more details, please read the official auction result announcement. For more information on how TIPS auctions work, please refer to the TIPS Auctions section on this web site.

The next TIPS auction will be for a 5-year TIPS on Thursday April 23, 2009. It will be a new issue with maturity date of April 15, 2014. The official announcement will come out on Monday April 20, 2009. At the time of this writing, the yield on the secondary market for a TIPS maturing in 2014 is about 1.3% real, while the yield for a Treasury bond maturing in March 2014 is about 1.9% nominal.