Monthly Archives: October 2014

Checking in on TIPS as quantitative easing ends (we hope)

A brief history. The Federal Reserve started its latest round of quantitative easing (QE3, in this case) on Sept. 13, 2012, when it launched a $40 billion per month program to buy mortgage-backed securities. This eventually morphed into ‘Operation Twist’ … Continue reading

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30-year TIPS reopening auctions with a yield of 0.985%

The Treasury just announced that the reopening of  CUSIP 912810RF7 – a 29-year 4-month Treasury Inflation-Protected Security – auctioned with a yield to maturity of 0.985%, a bit higher than looked likely this morning. This TIPS – which first auctioned … Continue reading

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Quick check-in on today’s 30-year TIPS reopening

The US Treasury is reopening CUSIP 912810RF7 today, creating a 29-year 4-month Treasury Inflation-Protected Security with a coupon rate of of 1.375%. Non-competitive bids (such as through TreasuryDirect) need to be placed by noon, the auction closes for competitive bids … Continue reading

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September inflation rises 0.1%; new I Bond variable rate will be 1.48%

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1% in September on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, CPI-U (also called ‘headline’ inflation) was up 1.7%. The … Continue reading

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I Bond watchers: Important inflation report coming Wednesday at 8:30 a.m.

The US Bureau of Labor Statistics will release the September inflation report Wednesday morning, and this is the final piece of data needed to determine the inflation-adjusted interest rate for US Savings I Bonds from Nov. 1, 2014, to April … Continue reading

Posted in I Bond, Inflation, Savings Bond | 2 Comments

Up next: 30-year TIPS reopens at auction Oct. 23, 2014

The US Treasury formally announced yesterday that it will reopen CUSIP 912810RF7 on Thursday, Oct. 23, creating a 29-year 4-month Treasury Inflation-Protected Security with a coupon rate of of 1.375%. This TIPS initially auctioned on Feb. 20, 2014, with a … Continue reading

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PenFed bumps up interest on longer-term CDs (finally)

In a Sept. 11 post, I noted the screwed up state of interest rates on super-safe investments. My evidence was an offering from the Pentagon Federal Credit Union of a 1-year insured  CD, paying 1.06% with just a $1,000 minimum … Continue reading

Posted in Investing in TIPS | 3 Comments