Monthly Archives: December 2012

It’s been a sorry year for buy-and-hold investors in Treasury Inflation-Protected Securities, with yields plummeting to ever-lower all-time records. That means TIPS – like all Treasuries – are very expensive and produce little income. There are currently 35 TIPS issues … Continue reading →

Yes, I knew there was a TIPS auction today, and actually thought about it around noon. But then I pretty much erased it from my mind. I mean, who really cares? Who is actually buying this thing? Well, today’s auction … Continue reading →

The U.S. Labor Department reported today that the ‘headline’ consumer price index fell 0.3% in November, primarily because of a big drop in gasoline prices. In the past year, consumer prices have risen 1.8 percent. You can read the full … Continue reading →

Somehow I own a fractional share of the Fidelity Inflation-Protected Bond Fund (FINPX) and so I get its annual and semi-annual reports. As I’ve noted before, the managers of this fund – William Irving and Franco Castagliuolo – are unusually … Continue reading →