Monthly Archives: June 2014

Barrons: ‘No Exit from Bond Funds?’

Barrons columnist Randall Forsyth is writing this week about an intriguing – and somewhat scary – proposal: That the Federal Reserve is considering placing exit fees on bond mutual funds to prevent a potential run when interest rates rise. Here … Continue reading

Posted in Investing in TIPS | 10 Comments

30-year TIPS reopening auctions with yield of 1.116%

The Treasury just posted that CUSIP 912810RF7 reopened with a yield to maturity of 1.116%, slightly higher than the market rate earlier this morning. This is a 29-year 8-month TIPS with a coupon rate of 1.375%. Because the yield is … Continue reading

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Checking in on today’s 30-year TIPS auction

The Treasury’s reopening of CUSIP 912810RF7 at auction today will create a 29-year 8-month TIPS with a coupon rate of 1.375%. Non-competitive bids (like those made through Treasury Direct) must be received by noon; competitive bids close at 1 p.m. … Continue reading

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U.S. inflation rose a sharp 0.4% in May

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.4% in May on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. That creates an inflation rate of 2.1% over the last 12 months, the biggest … Continue reading

Posted in I Bond, Inflation, Investing in TIPS | 2 Comments

The TIPS problem: ‘Interest rates rose and inflation did not’

Although I’m not a huge fan of TIPS mutual funds, I own a small stake in the Fidelity Inflation-Protected Bond Fund (FINPX) and I appreciate the candor that comes in each annual and semi-annual report from the fund’s managers, William … Continue reading

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