Monthly Archives: June 2018

30-Year TIPS Reopening Auctions With A Real Yield Of 0.934%

Summary The result matched market expectations, so no surprises. Investors had to pay a premium to get the coupon rate of 1.0%, with an adjusted price of about $103.31 for about $101.57 for par value. The inflation breakeven rate came … Continue reading

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Say ‘No’ To This Week’s 30-Year TIPS Auction

Summary While shorter-term real yields have been gradually increasing, the 30-year yield has actually been declining. Investors at Thursday’s auction will probably pay a 2% premium over par value because this TIPS currently has a market yield below the coupon … Continue reading

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Annual U.S. Inflation Hits 6-Year High In May Report

Summary ‘Headline’ inflation rose 0.2% in May, but is up 2.8% over the last 12 months, highest since February 2012. Core inflation also increased 0.2%, showing that gasoline prices are not the sole source of inflationary pressure. Non-seasonally adjusted inflation … Continue reading

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Here’s A Step-By-Step Guide To Using The Treasury’s New Savings Bond Calculator

Summary The Savings Bond Wizard has been a useful tool for Savings Bond investors for more than 15 years. Now it is gone. The Treasury has replaced it with the Savings Bond Calculator, a similar Web-browser-based tool that is a … Continue reading

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