Monthly Archives: August 2015

A TIPS surprise: No bounce from market turmoil

As stock markets wavered violently over the last week, the market for Treasury Inflation-Protected Securities has been remarkably sedate, and surprisingly, there is no apparent demand for TIPS as a ‘safe harbor.’ This chart shows the 5-day market results for … Continue reading

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Auction result: 5-year TIPS reopens with a yield of 0.305%

The US Treasury just announced that its reopening of CUSIP 912828K33 resulted in a real yield to maturity (after inflation) of 0.305%. This creates a 4-year, 8-month Treasury Inflation-Protected Security. Because this TIPS has an already-established coupon rate of 0.125%, … Continue reading

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Checking in on today’s 5-year TIPS reopening

Let’s take a quick look at today’s auction of CUSIPĀ 912828K33, creating a 4-year, 8-month Treasury Inflation-Protected security. This TIPS – originally issued in April – carries a coupon rate of 0.125%. Because this TIPS currently trades in the secondary market, … Continue reading

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US inflation rises 0.1% in July

The Consumer Price Index for All Urban Consumers (CPI-U) increased 0.1% in July on a seasonally adjusted basis, the U.S. Bureau of Labor Statistics reported today. Over the last 12 months, the all items index rose 0.2%. I am at … Continue reading

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Up next: 5-year TIPS reopens at auction Aug. 20, 2015

The US Treasury will announce later this morning that it is reopening CUSIPĀ 912828K33 at auction next Thursday, creating a 4-year, 8-month Treasury Inflation-Protected security with a coupon rate of 0.125%. The real yield (after inflation) will be set at the … Continue reading

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