By David Enna, Tipswatch.com
If you’ve been reading this Tipswatch site for long, you know what that headline means. I am traveling again. By the time you read this Tuesday morning, I will be somewhere in northern Spain.
And that means I will have an uncertain schedule and possibly awful Internet connections for the next two weeks. While I will try to check in on reader comments and financial news, expect my responses to be minimal.
Fortunately, we are heading into a fairly slow time for this site, since the I Bond’s fixed rate and composite rates were just set for the May to October cycle.
For certain, we can expect:
Wednesday, May 15: April CPI report. This will be issued at 8:30 a.m. Wednesday EDT, which equates to 2:30 p.m. in northwestern Spain. I am sure I will be out and about most of that day, but I will try to post a basic update in the evening. We’ll see. This report isn’t crucial, since it is the first of six that will determine the I Bond’s next fixed rate. But it could give the bond market the shivers.
Sunday, May 19, preview of 10-year TIPS auction. Because I can write this a day or two in advance, I should be able to post a preview Sunday morning on the 9-year, 8-month TIPS reopening auction set for May 23. It should be an attractive auction, but real yields have been volatile over the last week, dropping 10 basis points from Wednesday to Friday.
Thursday, May 23, 1 p.m., result of 10-year TIPS auction. If all goes well, I should be back in Charlotte by May 23 to post the auction results. Beware of jet-lagged conclusions, however.
There is an unfortunate tradition to my travels: They always seem to trigger some sort of financial crisis. It’s probably just my imagination. (And by the time I get home everything seems back to normal.) Let’s hope for calm days.
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Feel free to post comments or questions below. If it is your first-ever comment, it will have to wait for moderation. After that, your comments will automatically appear.Please stay on topic and avoid political tirades.
David Enna is a financial journalist, not a financial adviser. He is not selling or profiting from any investment discussed. I Bonds and TIPS are not “get rich” investments; they are best used for capital preservation and inflation protection. They can be purchased through the Treasury or other providers without fees, commissions or carrying charges. Please do your own research before investing.
Treasury Inflation-Protected Securities 
Not long ago, when our daughter was on a job/reasearch assignment in San Sebastian, we vacationed with her and in Bilbao. That whole area is beautiful and no shortage of great walks. Only problem, way too many delicious Tapas to enjoy….have a great trip!!!
We’ve learned in the Basque country you should say “pintxos” instead of tapas, and never order sangria!
Enjoy the tapas stops and conversations.
Be careful and have fun in your adventures. Try not to start any financial global crises.
Buen Camino! (if that is in your plans)
nice trip!
Have a fun, safe trip David. It won’t be a major report, but it will be the first paragraph of a new chapter. I’m very curious to see which direction it goes. After all of the jazz about inflation improving and yet they keep getting “surprised” that it goes up. Throwing more and more printed money into the economy to keep it afloat isn’t helping any other than postponing the fall. Let it fall already so the economy can rebuild on a solid foundation instead of playing on Jenga blocks where it’s going to fall even harder. Just my opinion.
You’re living my dream retirement. There is nothing better than Ibérico de Bellota in Spain. I ate it every afternoon with a dry sherry on our trip to Spain. The acorn flavor is intoxicating. Have a great trip!