Monthly Archives: December 2012

Recapping 2012: The year in TIPS

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

Posted in Investing in TIPS | 7 Comments

4-year, 4-month TIPS auctions at a record-low -1.496%

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

Posted in Investing in TIPS | 1 Comment

Inflation turns to deflation in November

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

Posted in Investing in TIPS | 1 Comment

Fidelity’s outlook for TIPS: Clear skies, but threat of fog?

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

Posted in Investing in TIPS | 1 Comment

Next up: 5-year TIPS reissue auctioning Dec. 20, 2012

The Treasury on Thursday will announce its last 2012 auction of a Treasury Inflation-Protected Security, mostly likely a reopening of CUSIP 912828SQ4 which matures on April 15, 2017. UPDATE 12/13/12: The Treasury confirmed today that the auction is a reissue … Continue reading

Posted in I Bond, Investing in TIPS, Savings Bond | 3 Comments

Tempting short-term investment: TIPS maturing April 15, 2013

Reader Joe pointed out that current pricing on the TIPS maturing April 15, 2013, has moved to a positive yield, while almost the entire TIPS ladder is negative. At this point, it is substantially positive: Tempting, isn’t it? This TIPS … Continue reading

Posted in Investing in TIPS | 4 Comments