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TIPS Auction Rates and CPI Reference

treasurydirect.rates.tips
Read-onlyIdempotent

US Treasury Inflation-Protected Securities (TIPS) auction results with reference CPI data. Returns real yield (highYield), coupon rate (interestRate), reference CPI on issue date, index ratio, bid-to-cover ratio, and total accepted for each TIPS auction in the specified look-back window. Useful for tracking real interest rate trends and inflation breakeven calculations. Source: TreasuryDirect TA_WS, US Government open data, no auth required.

Input Schema

TableJSON Schema
NameRequiredDescriptionDefault
daysNoLook-back window in calendar days (1–1825, i.e. up to 5 years). Returns TIPS auction results with reference CPI values and real yield (highYield) for each auction.

Output Schema

TableJSON Schema
NameRequiredDescriptionDefault
errorNoPresent only when the call failed. Includes error code, message, request_id, and any provider-specific extras.
resultNoTool response payload. Shape varies per tool — consult the tool description and inputSchema. May be an object, array, string, or number depending on the upstream provider response.

Schema Changelog

Changes observed during successful MCP inspections.

  1. First observed

TDQS

A4.2/5.0
Behavior4/5

Does the description disclose side effects, auth requirements, rate limits, or destructive behavior?

Annotations already declare readOnlyHint, openWorldHint, idempotentHint, and destructiveHint=false. The description adds valuable context beyond these: 'Source: TreasuryDirect TA_WS, US Government open data, no auth required.' This clarifies access requirements and provenance. It does not contradict any annotation and supplements the safety profile with source attribution.

Agents need to know what a tool does to the world before calling it. Descriptions should go beyond structured annotations to explain consequences.

Conciseness5/5

Is the description appropriately sized, front-loaded, and free of redundancy?

The description is tight: three sentences that state what it does, enumerate return fields, and give use cases plus source. The core purpose is front-loaded, and every sentence contributes. No filler or redundant repetition of the tool name.

Shorter descriptions cost fewer tokens and are easier for agents to parse. Every sentence should earn its place.

Completeness4/5

Given the tool's complexity, does the description cover enough for an agent to succeed on first attempt?

For a single-parameter read-only tool with an output schema, the description covers purpose, key fields, use cases, source, and auth. It does not explicitly differentiate from the similar treasurydirect.auction.results sibling, which could lead to mis-selection. However, the output schema and annotations carry most structural details, making this sufficiently complete for an agent to call correctly.

Complex tools with many parameters or behaviors need more documentation. Simple tools need less. This dimension scales expectations accordingly.

Parameters3/5

Does the description clarify parameter syntax, constraints, interactions, or defaults beyond what the schema provides?

The only parameter 'days' is fully documented in the schema (description, default, min, max, and what it controls). The description merely references 'specified look-back window' without adding new semantics. With schema_description_coverage at 100%, the baseline of 3 is appropriate; there's no additional value to provide.

Input schemas describe structure but not intent. Descriptions should explain non-obvious parameter relationships and valid value ranges.

Purpose5/5

Does the description clearly state what the tool does and how it differs from similar tools?

The description opens with 'US Treasury Inflation-Protected Securities (TIPS) auction results with reference CPI data' — a specific verb-resource pair. It explicitly names the return fields (highYield, interestRate, reference CPI, index ratio, bid-to-cover, total accepted) which distinguishes it from generic treasury auction tools like treasurydirect.auction.results. The title reinforces the TIPS specificity.

Agents choose between tools based on descriptions. A clear purpose with a specific verb and resource helps agents select the right tool.

Usage Guidelines4/5

Does the description explain when to use this tool, when not to, or what alternatives exist?

The description provides clear context: 'Useful for tracking real interest rate trends and inflation breakeven calculations.' This tells an agent when to reach for this tool. However, it does not explicitly mention alternatives or state when not to use it relative to sibling tools like treasurydirect.auction.results or abs.economy.cpi. The guidance is implied rather than explicitly comparative.

Agents often have multiple tools that could apply. Explicit usage guidance like "use X instead of Y when Z" prevents misuse.

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