Up Next: New 30-Year TIPS Will Auction February 19, 2015
Tipswatch - Seeking Alpha - Thu Feb 12, 7:21PM CST
The Treasury just announced that it will be auctioning a new 30-year Treasury Inflation-Protected Security on February 19. This is CUSIP 912810RL4 and the coupon rate and yield to maturity will be determined by the auction. Here is how this auction...
LTPZ: 66.86 (-0.42), VTIP: 48.41 (-0.03), TIP: 112.66 (-0.23), IPE: 56.23 (-0.11), SIPE: 19.42 (unch), STPZ: 51.87 (-0.03), SCHP: 54.49 (-0.11), TDTT: 24.39 (unch), TIPX: 19.30 (unch), TPS: 26.90 (-0.02), STIP: 99.28 (-0.02), TDTF: 24.73 (-0.03), TIPZ: 57.25 (-0.09)
TIPS Versus I Bonds During Deflationary Times, Why I Bonds Will Win
Tipswatch - Seeking Alpha - Wed Feb 11, 6:21PM CST
We don't often see deflationary periods, so I think buyers of Series I Savings Bonds don't understand that their fixed rate can be wiped out by a deflationary inflation-adjusted rate. This has actually only happened once before, in May 2009, when the...
LTPZ: 66.86 (-0.42), VTIP: 48.41 (-0.03), TIP: 112.66 (-0.23), IPE: 56.23 (-0.11), SIPE: 19.42 (unch), STPZ: 51.87 (-0.03), SCHP: 54.49 (-0.11), TDTT: 24.39 (unch), TIPX: 19.30 (unch), TPS: 26.90 (-0.02), STIP: 99.28 (-0.02), TDTF: 24.73 (-0.03), TIPZ: 57.25 (-0.09)
A Very Pernicious Partnership: Keynesian Money Printers And Wall Street Gamblers
David Stockman - Seeking Alpha - Mon Feb 09, 1:53PM CST
No sooner was the January jobs report released than the Wall Street Journal posted a succinct headline: "Hiring, Wages Pick Up as Job Market Nears Full Health". Whether the job market is actually as red hot as the BLS' headline numbers...
TLH: 136.86 (-0.66), TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), DLBL: 78.14 (+0.78), SINF: 47.80 (unch), MBG: 27.29 (+0.01), TLO: 73.76 (-0.77), UBT: 83.49 (-1.42), TLT: 128.19 (-1.33), STIP: 99.28 (-0.02), TBT: 44.22 (+0.88), RINF: 30.25 (+0.05), DLBS: 20.57 (+0.51), ZROZ: 123.35 (-1.57), FINF: 42.47 (-0.64), HOLD: 99.38 (+0.07), ITE: 60.17 (-0.06), TYO: 17.93 (+0.14), TTT: 38.96 (+1.14), SCHO: 50.62 (-0.01), SCHP: 54.49 (-0.11), MBB: 109.88 (+0.03), GMTB: 52.35 (-0.02), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), UINF: 27.79 (+0.01), SYTL: 88.67 (-3.56), TPS: 26.90 (-0.02), TYBS: 22.40 (+0.20), TIP: 112.66 (-0.23), IEI: 123.09 (-0.14), DTYL: 76.39 (-1.24), TYD: 46.21 (-0.08), IEF: 107.18 (-0.36), PST: 24.08 (+0.14), DTUS: 34.68 (-0.16), EDV: 126.88 (-1.85), GNMA: 50.34 (-0.26), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), TFLO: 50.07 (-0.06), TMV: 29.17 (+0.87), DTUL: 62.62 (-0.15), LTPZ: 66.86 (-0.42), VTIP: 48.41 (-0.03), SBND: 4.44 (+0.08), TBF: 24.63 (+0.25), TUZ: 50.92 (-0.01), SHY: 84.64 (unch), VGLT: 78.92 (-0.70), RAVI: 75.36 (+0.03), TMF: 90.04 (-2.88), SHV: 110.27 (+0.01), ULST: 40.01 (unch), NEAR: 50.09 (-0.01), SIPE: 19.42 (unch), FLAT: 61.92 (-0.15), FTSM: 60.00 (unch), USFR: 24.89 (unch), TIPX: 19.30 (unch), AGZ: 114.28 (+0.08), ICSH: 50.02 (+0.09), TDTF: 24.73 (-0.03), TIPZ: 57.25 (-0.09), INFL: 39.28 (+0.47), TDTT: 24.39 (unch), FIVZ: 80.60 (unch), DEFL: 58.00 (unch), VGIT: 64.86 (-0.12), IPE: 56.23 (-0.11), UST: 56.86 (-0.32), TENZ: 86.50 (-0.21), LBND: 56.35 (-2.05), STPP: 33.20 (+0.19), TAPR: 31.63 (+0.44), VMBS: 53.15 (-0.09), STPZ: 51.87 (-0.03), BIL: 45.73 (+0.01), SST: 30.16 (-0.01), VGSH: 60.96 (-0.02), FTSD: 99.21 (unch), MINT: 101.06 (-0.01), PLW: 33.20 (-0.21), GOVT: 25.33 (-0.06)
Long Ladders
Dirk Cotton - Seeking Alpha - Fri Feb 06, 5:06PM CST
Long TIPS bond ladders demonstrate the challenge of matching liabilities in the more distant future, say, funding the last half of a 30-year retirement. This is one of the toughest pieces of retirement funding to figure out for several reasons....
LTPZ: 66.86 (-0.42), ZROZ: 123.35 (-1.57), TIP: 112.66 (-0.23)
TIPS Going Negative Again: Not Good News!
John M. Mason - at Seeking Alpha - Sun Feb 01, 6:27AM CST
LTPZ: 66.86 (-0.42), VTIP: 48.41 (-0.03), TIP: 112.66 (-0.23), IPE: 56.23 (-0.11), SIPE: 19.42 (unch), STPZ: 51.87 (-0.03), SCHP: 54.49 (-0.11), TDTT: 24.39 (unch), TIPX: 19.30 (unch), TPS: 26.90 (-0.02), STIP: 99.28 (-0.02), TDTF: 24.73 (-0.03), TIPZ: 57.25 (-0.09)
Walls Of Worry Persist
Calafia Beach Pundit - at Seeking Alpha - Fri Jan 30, 1:48AM CST
The market is still climbing walls of worry, and that's a good sign. As I see it, here's the bearish case for equities: The Fed is no longer "printing money" and is soon going to begin to raise short-term interest rates. The market has...
TIP: 112.66 (-0.23), IPE: 56.23 (-0.11), SIPE: 19.42 (unch), TIPX: 19.30 (unch), STIP: 99.28 (-0.02), TLT: 128.19 (-1.33), TDTF: 24.73 (-0.03), TIPZ: 57.25 (-0.09), LTPZ: 66.86 (-0.42), VTIP: 48.41 (-0.03), SPY: 209.78 (+0.86), QQQ: 106.91 (+0.91), GLD: 117.98 (+0.64), DIA: 180.34 (+0.50), SCHP: 54.49 (-0.11), STPZ: 51.87 (-0.03), TDTT: 24.39 (unch), TPS: 26.90 (-0.02)
Up Next: New 10-Year TIPS Will Auction Jan. 22, 2015
Tipswatch - Seeking Alpha - Thu Jan 15, 12:54PM CST
The Treasury just announced next week's TIPS auction: CUSIP 912828H45, a new issue with the coupon rate to be determined at auction on Jan. 22, 2015. This auction will come amid a lot of turmoil in financial markets, with Treasury yields...
LTPZ: 66.86 (-0.42), VTIP: 48.41 (-0.03), TIP: 112.66 (-0.23), IPE: 56.23 (-0.11), SIPE: 19.42 (unch), STPZ: 51.87 (-0.03), SCHP: 54.49 (-0.11), TDTT: 24.39 (unch), TIPX: 19.30 (unch), TPS: 26.90 (-0.02), STIP: 99.28 (-0.02), TDTF: 24.73 (-0.03), TIPZ: 57.25 (-0.09)
One More Wall Of Worry That We'll Likely Overcome
Calafia Beach Pundit - Seeking Alpha - Fri Jan 09, 3:58AM CST
(click to enlarge) The stock market has faced three "walls of worry" in as many months. The first worry was centered around the Ebola crisis, and the second and third were "fueled" by collapsing oil prices. All three involved...
TIP: 112.66 (-0.23), IPE: 56.23 (-0.11), SIPE: 19.42 (unch), TIPX: 19.30 (unch), STIP: 99.28 (-0.02), ILB: 44.90 (-0.07), TDTF: 24.73 (-0.03), WIP: 55.66 (+0.13), TIPZ: 57.25 (-0.09), ITIP: 43.07 (-0.01), LTPZ: 66.86 (-0.42), VTIP: 48.41 (-0.03), GTIP: 48.61 (unch), SPY: 209.78 (+0.86), SCHP: 54.49 (-0.11), STPZ: 51.87 (-0.03), TDTT: 24.39 (unch), TPS: 26.90 (-0.02)
Yield Curve Bleg
Scott Sumner - at Seeking Alpha - Tue Jan 06, 4:51AM CST
I notice that 5-year Treasuries are currently yielding 1.56% and 10-year yields are 2.04%. I was taught two theories of the yield curve: Expectations hypothesis-> Long term yields are an average of expected future short term yields. Term...
TBX: 30.03 (+0.07), DFVS: 33.70 (+0.16), TBZ: 29.08 (unch), DFVL: 65.54 (+1.42), SINF: 47.80 (unch), SIPE: 19.42 (unch), TIPX: 19.30 (unch), STIP: 99.28 (-0.02), TDTF: 24.73 (-0.03), TIPZ: 57.25 (-0.09), RINF: 30.25 (+0.05), FINF: 42.47 (-0.64), TYO: 17.93 (+0.14), ITE: 60.17 (-0.06), SCHP: 54.49 (-0.11), INFL: 39.28 (+0.47), GSY: 49.94 (+0.01), SCHR: 53.88 (-0.11), UINF: 27.79 (+0.01), TDTT: 24.39 (unch), SYTL: 88.67 (-3.56), TPS: 26.90 (-0.02), FIVZ: 80.60 (unch), DEFL: 58.00 (unch), VGIT: 64.86 (-0.12), TIP: 112.66 (-0.23), IEI: 123.09 (-0.14), DTYL: 76.39 (-1.24), TYD: 46.21 (-0.08), PST: 24.08 (+0.14), IEF: 107.18 (-0.36), UST: 56.86 (-0.32), IPE: 56.23 (-0.11), DTYS: 20.97 (+0.37), TYNS: 30.29 (+0.49), LTPZ: 66.86 (-0.42), VTIP: 48.41 (-0.03), STPZ: 51.87 (-0.03)
Recapping 2014: The Year In Treasury Inflation-Protected Securities
Tipswatch - Seeking Alpha - Fri Jan 02, 10:46AM CST
After suffering through a miserable 2013, holders of mutual funds based on Treasury Inflation-Protected Securities enjoyed a rather pleasant 2014. The iShares TIPS Bond ETF (NYSEARCA: TIP ) - a big fund that is diversified through maturity dates -...
LTPZ: 66.86 (-0.42), VTIP: 48.41 (-0.03), TIP: 112.66 (-0.23), IPE: 56.23 (-0.11), SIPE: 19.42 (unch), STPZ: 51.87 (-0.03), SCHP: 54.49 (-0.11), TDTT: 24.39 (unch), TIPX: 19.30 (unch), TPS: 26.90 (-0.02), STIP: 99.28 (-0.02), TDTF: 24.73 (-0.03), TIPZ: 57.25 (-0.09)
Best And Worst Bond ETFs Of 2014
Zacks Funds - Seeking Alpha - Mon Dec 29, 4:06PM CST
The U.S. stock markets delivered a somewhat muted performance this year (at least when compared to 2013) with the S&P returning about 12% YTD gains. The towering market of last year turned into a market that saw fears about a global slowdown and...
ITLY: 31.58 (unch), DLBL: 78.14 (+0.78), TLO: 73.76 (-0.77), EDV: 126.88 (-1.85), HYLD: 41.96 (+0.12), VCLT: 93.45 (-0.53), TLT: 128.19 (-1.33), ISHG: 81.60 (+0.22), AGND: 44.80 (-0.27), ZROZ: 123.35 (-1.57), LTPZ: 66.86 (-0.42), STPP: 33.20 (+0.19), BABS: 63.07 (-0.77), CLY: 62.03 (-0.40), LWC: 41.85 (-0.35)
Best and Worst Bond ETFs Of 2014 - ETF News And Commentary
Zacks Equity Research - Zacks Investment Research - Mon Dec 29, 9:00AM CST
Which ETFs were the best and worst performers of 2014 in the bond world?
LTPZ: 66.86 (-0.42), ZROZ: 123.35 (-1.57), ITLY: 31.58 (unch), DLBL: 78.14 (+0.78), TLO: 73.76 (-0.77), BABS: 63.07 (-0.77), EDV: 126.88 (-1.85), TLT: 128.19 (-1.33)
More Signs Of Strength
Calafia Beach Pundit - Seeking Alpha - Wed Dec 24, 1:36AM CST
Today's revision to Q3/14 GDP growth was surprisingly strong (+5.0% vs. an expected 4.3%) and figures prominently in a series of indicators pointing to an acceleration of growth from the relatively miserable 2.3% trend that has prevailed for most of...
LTPZ: 66.86 (-0.42), VTIP: 48.41 (-0.03), TIP: 112.66 (-0.23), IPE: 56.23 (-0.11), SIPE: 19.42 (unch), STPZ: 51.87 (-0.03), SCHP: 54.49 (-0.11), TDTT: 24.39 (unch), TIPX: 19.30 (unch), TPS: 26.90 (-0.02), STIP: 99.28 (-0.02), TDTF: 24.73 (-0.03), TIPZ: 57.25 (-0.09)
Bleak Global Inflation Backdrop: Sell TIPS ETFs? - ETF News And Commentary
Zacks Equity Research - ZACKS - Mon Dec 22, 11:00AM CST
With inflation expectations staying low, is it time to get rid of TIPS ETFs?
LTPZ: 66.86 (-0.42), TIP: 112.66 (-0.23), VTIP: 48.41 (-0.03), ILB: 44.90 (-0.07), TDTF: 24.73 (-0.03), ITIP: 43.07 (-0.01)
The Fed Remains Optimistic On The U.S. Economy For 2015
James Picerno - Seeking Alpha - Thu Dec 18, 12:01PM CST
Yesterday's update of the Federal Reserve's quarterly economic forecast is a minor triumph for optimism. The central bank still expects that U.S. GDP in 2015 will increase in the range of 2.6% to 3.0%, unchanged from its previous estimate in...
LTPZ: 66.86 (-0.42), VTIP: 48.41 (-0.03), TIP: 112.66 (-0.23), IPE: 56.23 (-0.11), SIPE: 19.42 (unch), STPZ: 51.87 (-0.03), SCHP: 54.49 (-0.11), TDTT: 24.39 (unch), TIPX: 19.30 (unch), TPS: 26.90 (-0.02), STIP: 99.28 (-0.02), TDTF: 24.73 (-0.03), TIPZ: 57.25 (-0.09)
Pimco 2015 outlook: Drop in oil most important new development
Seeking Alpha - at Seeking Alpha - Thu Dec 18, 11:11AM CST
LDUR: 100.51 (-0.11), SIPE: 19.42 (unch), FBND: 50.52 (-0.06), TIPX: 19.30 (unch), STIP: 99.28 (-0.02), TDTF: 24.73 (-0.03), IUSB: 101.13 (-0.22), TIPZ: 57.25 (-0.09), GBF: 115.03 (-0.39), SCHP: 54.49 (-0.11), AGG: 110.76 (-0.13), TDTT: 24.39 (unch), DI: 49.57 (+0.02), TPS: 26.90 (-0.02), SCHZ: 52.63 (-0.01), TIP: 112.66 (-0.23), PDI: 29.51 (unch), BOND: 109.14 (-0.10), IPE: 56.23 (-0.11), FWDB: 25.72 (+0.01), VBND: 50.07 (-0.09), SAGG: 32.96 (unch), LTPZ: 66.86 (-0.42), VTIP: 48.41 (-0.03), STPZ: 51.87 (-0.03), LAG: 58.58 (-0.10), BND: 82.80 (-0.19)
Chart Of The Day: TIPS Yield Curve Is Flattening Out
Tipswatch - at Seeking Alpha - Tue Dec 16, 8:57PM CST
(click to enlarge) Source: Bloomberg My reaction: "Are my eyes deceiving me?" A 5-year TIPS is trading on the secondary market with a yield to maturity of 0.31%, just 17 basis points below the yield on a 10-year TIPS, and only 54...
LTPZ: 66.86 (-0.42), VTIP: 48.41 (-0.03), TIP: 112.66 (-0.23), IPE: 56.23 (-0.11), SIPE: 19.42 (unch), STPZ: 51.87 (-0.03), SCHP: 54.49 (-0.11), TDTT: 24.39 (unch), TIPX: 19.30 (unch), TPS: 26.90 (-0.02), STIP: 99.28 (-0.02), TDTF: 24.73 (-0.03), TIPZ: 57.25 (-0.09)
5-Year TIPS Will Reopen At Auction Thursday, Dec. 18: May Be Worth An Investment
Tipswatch - Seeking Alpha - Mon Dec 15, 8:59AM CST
Originally published on Dec. 11, 2014 Hey TIPS fans, we're going to close out 2014 with a very interesting auction - one that might actually be worth an investment, especially if you are looking for a short-term TIPS with a positive yield, great...
LTPZ: 66.86 (-0.42), VTIP: 48.41 (-0.03), TIP: 112.66 (-0.23), IPE: 56.23 (-0.11), SIPE: 19.42 (unch), STPZ: 51.87 (-0.03), SCHP: 54.49 (-0.11), TDTT: 24.39 (unch), TIPX: 19.30 (unch), TPS: 26.90 (-0.02), STIP: 99.28 (-0.02), TDTF: 24.73 (-0.03), TIPZ: 57.25 (-0.09)