Monthly Archives: September 2014

Chart of the day: Stocks versus TIPS over the last month

Posted on September 26, 2014 by

Back on Sept. 4 I posted ‘Why TIPS aren’t a good buy right now: A story in charts‘, in which tried to explain why the TIPS market looked a little out-of-whack, with TIPS yields dropping too low (and TIPS prices rising … Continue reading →

Posted in Investing in TIPS | 2 Comments

10-year TIPS reopening auctions with a yield of 0.610%

Posted on September 18, 2014 by

The Treasury just posted results of today’s reopening of CUSIP 912828WU0, which went off with a yield to maturity of 0.610%, plus inflation. Just before the auction closed, Reuters’ survey of primary dealers predicted a yield of 0.577%. Because this … Continue reading →

Posted in Investing in TIPS | 2 Comments

Quick check-in on today’s 10-year TIPS reopening

Posted on September 18, 2014 by

The TIPS market is looking fairly sedate this morning, so we should be able to get a pretty good idea of how today’s reopening of CUSIP 912828WU0 will go. This will be a 9-year, 10-month TIPS with a coupon rate … Continue reading →

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What exactly did the Federal Reserve say Wednesday to spook the bond market?

Posted on September 18, 2014 by

While we’re waiting for more data on today’s 10-year TIPS reopening, I thought I’d take a look at the minutes statement issued Wednesday by the Federal Reserve. It came on the same day as a weak inflation report, causing double … Continue reading →

Posted in Investing in TIPS | 4 Comments

U.S. inflation fell 0.2% in August, what does it mean for TIPS and I Bonds?

Posted on September 17, 2014 by

The Consumer Price Index for All Urban Consumers (CPI-U) decreased 0.2% in August on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, inflation has increased 1.7%. This was the first decline … Continue reading →

Posted in Investing in TIPS | 7 Comments

Next up: 10-year TIPS reopens at auction Sept. 18

Posted on September 15, 2014 by

Hate to admit this auction announcement actually slipped past me (I’ve been out of town lately), but maybe it’s for the best because conditions in the TIPS market have been changing dramatically in the last two weeks. So, yeah, oops, … Continue reading →

Posted in Investing in TIPS | Tagged , , | 2 Comments

PenFed’s new 1-year CD shows the screwed-up state of interest rates

Posted on September 11, 2014 by

I am a customer of the Pentagon Federal Credit Union, also known as PenFed, and I jumped happily aboard when it offered an above-market 3% 5-year CD in December 2013 and January 2014. But since then its CD rates have … Continue reading →

Posted in Investing in TIPS | Tagged , | 3 Comments