Monthly Archives: May 2012

10-year TIPS reissue auctions at record low -0.391%

The Treasury just announced that Thursday’s reissue of a 10-year TIPS, CUSIP 912828SA9, auctioned with a yield to maturity of -0.391%, meaning that buyers were accepting a return that will lag inflation by 0.391% over 10 years. This TIPS will … Continue reading

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Inflation in April 2012: Unchanged

U.S. consumer prices were flat last month as cheaper gas offset modest increases for food, clothing and housing. This continues the recent trend of mild ‘official’ inflation – running at just 2.3% over the last year – despite volatile gasoline … Continue reading

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