Author Archives: Tipswatch

The U.S. Treasury just posted the results of its reopening of CUSIP 912810RA8, which auctioned with a yield of 1.33% for the 29-year, 4-month remaining term. Because the coupon rate on this TIPS is 0.625% – set in the original … Continue reading →

I’ve raised this issue before, and I hope this is actually the last time I need to raise it, since yields on TIPS have risen dramatically since February 2013. But here is the problem: If you bid on CUSIP 912810RA8 … Continue reading →

Well, it’s actually a reopening of CUSIP 912810RA8, so buyers will be getting a 29-year, 4-month TIPS with a coupon rate of 0.625%. It will be going off at a huge discount, showing how volatile 30-year Treasurys can be. Right … Continue reading →

One of the side effects of the U.S. government fiscal circus of the last few weeks is that  Federal Reserve officials must be sitting on the sidelines, mouths open in horror. Sort of like Edvard Munch’s famous paintings and lithographs. … Continue reading →

We don’t know the answer to this question because of the partial U.S. government shutdown. The Bureau of Labor Statistics was due to release its September inflation report today at 8:30 a.m., but it is has not been gathering data … Continue reading →