Author Archives: Tipswatch

Apparently so. State Street Global Advisors, the world’s second largest asset manager, says in a regulatory filing that it is launching two new ETFs based on Treasury Inflation-Protected Securities: SPDR Barclays 0-5 Year TIPS ETF, which will track the Barclays … Continue reading →

The U.S. Treasury will announce Thursday – just a formality – that on March 21 it will auction a reopening of CUSIP 912828UH1, a 10-year Treasury Inflation-Protected Security that was first auctioned on Jan. 24. This creates a 9-year, 10-month … Continue reading →

I was away from my computer last week, and updating a blog with an iPad is pretty much hell on Earth. So, I’m catching up. On Thursday, the same day as the 30-year TIPS auction, the U.S. announced that ‘headline’ … Continue reading →

The U.S. Treasury announced today that it auctioned a new 30-year Treasury Inflation-Protected Security, with a coupon rate of 0.625%, and a yield to maturity of 0.639%.  This is CUSIP 912810RA8. Buyers are getting a yield well above the record low … Continue reading →

Are bonds, especially Treasurys, in a bubble, driven up by by a mob of wild-eyed coupon clippers, fighting to get 0.87% on a five-year traditional Treasury? I ran across these comments from Bill Gross, co-founder of Pacific Investment Management who … Continue reading →