Author Archives: Tipswatch

The new, bipartisan budget deal in Congress – crafted to avert another government shutdown – could have a ‘surprise’ effect: It could lead to higher interest rates in 2014. The big reason is that it opens the door for the … Continue reading →

One side benefit of establishing even a small stake in the Fidelity Inflation-Protected Bond Fund (FINPX) is getting Fidelity’s annual and semiannual shareholder reports. The managers of this fund – William Irving and Franco Castagliuolo – seem to be straight … Continue reading →

Yes, it has been a bad year for Treasury Inflation-Protected Securities, but as I will explain, it all depends on how you define ‘bad.’ As a buy and hold-to-maturity investor in TIPS, with a ladder crossing many years of maturities, … Continue reading →

The Treasury site is suffering hiccups today, but it has finally posted results for the $13 billion reissue of CUSIP 912828VM9, creating a 9-year 8-month Treasury Inflation-Protected Security. It auctioned with a yield of 0.560%, indicating decent demand for this … Continue reading →

The Treasury today is reopening CUSIP 912828VM9, creating a 9-year 8-month Treasury Inflation-Protected Security. This TIPS trades on the secondary market, so we can get a pretty good idea of the likely yield, which was 0.587% (plus inflation) at the … Continue reading →