Iboxx 3Yr Target Dur Tips ETF Flexshares (TDTT) 24.39 $TDTT
Janet Yellen Speaks, And... What Just Happened To TIPS And Treasuries?
Tipswatch - at Seeking Alpha - Thu Mar 19, 6:50PM CDT
The Treasury market soared across the board Wednesday after the Federal Reserve indicated it would move cautiously in increasing short-term interest rates. The yield on a 10-year nominal Treasury fell to 1.93%, a drop of 13 basis points from...
LTPZ: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
Up Next: 10-Year TIPS Will Reopen At Auction March 19, 2015
Tipswatch - Seeking Alpha - Thu Mar 12, 2:46PM CDT
The US Treasury announced this morning that it will reopen CUSIP 912828H45, creating a 9-Year 10-Month Treasury Inflation-Protected Security with a coupon rate of 0.250%. This TIPS initially auctioned on Jan. 22 with a real yield (after...
LTPZ: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
TIPS Say The Deflation 'Threat' Has Passed
Calafia Beach Pundit - Seeking Alpha - Fri Feb 27, 4:05AM CST
According to the pricing of TIPS and Treasuries, the bond market has decided that the negative inflation shock of falling oil prices has run its course. In fact, inflation expectations have been rising since year end: the bond market now sees...
LTPZ: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
The Pathetic 'Talk Therapy' Of Janet Yellen
David Stockman - Seeking Alpha - Thu Feb 26, 1:34PM CST
What in god’s name does Janet Yellen think she is doing? Just a few weeks ago she established the ridiculous Fedspeak convention that “patient” means money market rates will not rise from the zero bound for at least two meetings....
TLH: 138.81 (+0.75), TBX: 29.67 (-0.08), DFVS: 32.05 (-0.45), TBZ: 29.05 (-0.17), DFVL: 64.14 (+1.16), DLBL: 76.53 (-0.18), SINF: 47.80 (unch), MBG: 27.42 (+0.04), TLO: 75.71 (+0.46), UBT: 87.85 (+1.14), TLT: 131.51 (+0.69), STIP: 99.24 (+0.12), TBT: 41.44 (-0.47), RINF: 30.61 (+0.74), DLBS: 19.31 (-0.39), ZROZ: 128.28 (+0.79), FINF: 42.47 (-0.64), ITE: 60.43 (+0.09), TYO: 17.21 (-0.19), TTT: 35.27 (-0.59), SCHO: 50.68 (+0.03), SCHP: 55.03 (+0.12), MBB: 110.13 (+0.05), GSY: 50.03 (+0.03), SCHR: 54.29 (+0.17), UINF: 27.79 (+0.01), SYTL: 85.70 (-2.97), TPS: 27.63 (+0.23), TYBS: 21.87 (+0.11), TIP: 113.76 (+0.34), IEI: 123.91 (+0.39), DTYL: 76.15 (+1.46), TYD: 47.64 (+0.71), IEF: 108.31 (+0.44), PST: 23.46 (-0.15), DTUS: 33.38 (-0.48), EDV: 132.00 (+0.92), GNMA: 50.32 (-0.07), DTYS: 19.36 (-0.62), TYNS: 30.32 (-0.09), TFLO: 50.04 (-0.09), TMV: 26.26 (-0.43), DTUL: 61.40 (-1.22), LTPZ: 69.43 (+0.37), VTIP: 48.36 (unch), SBND: 4.17 (-0.06), TBF: 23.84 (-0.13), TUZ: 50.97 (+0.02), SHY: 84.77 (+0.06), VGLT: 80.81 (+0.37), TMF: 96.98 (+1.44), SHV: 110.26 (unch), SIPE: 19.40 (+0.08), FLAT: 61.82 (+0.25), USFR: 24.77 (-0.19), TIPX: 19.33 (+0.05), AGZ: 113.93 (-0.16), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17), INFL: 39.28 (unch), TDTT: 24.39 (+0.05), FIVZ: 80.31 (unch), DEFL: 58.00 (unch), VGIT: 65.27 (+0.21), IPE: 56.84 (+0.17), UST: 58.13 (+0.46), TENZ: 87.46 (+0.56), LBND: 60.76 (+0.90), STPP: 33.90 (-0.25), TAPR: 29.23 (-0.27), VMBS: 53.31 (+0.04), STPZ: 51.86 (+0.07), BIL: 45.73 (unch), SST: 30.26 (+0.02), VGSH: 61.06 (+0.05), PLW: 33.61 (+0.10), GOVT: 25.50 (+0.04)
Things I'm Watching
Calafia Beach Pundit - Seeking Alpha - Wed Feb 18, 3:17AM CST
Here are some charts, which I have been paying close attention to of late, and why. (click to enlarge) February housing starts are due out tomorrow, but today we got the latest builders' sentiment index - which dropped a little. But as I see...
TIP: 113.76 (+0.34), PKB: 23.44 (+0.32), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), TIPX: 19.33 (+0.05), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17), LTPZ: 69.43 (+0.37), VTIP: 48.36 (unch), XHB: 36.43 (+0.57), ITB: 27.82 (+0.54), SCHP: 55.03 (+0.12), STPZ: 51.86 (+0.07), TDTT: 24.39 (+0.05), TPS: 27.63 (+0.23)
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: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
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: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
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: 138.81 (+0.75), TBX: 29.67 (-0.08), DFVS: 32.05 (-0.45), TBZ: 29.05 (-0.17), DFVL: 64.14 (+1.16), DLBL: 76.53 (-0.18), SINF: 47.80 (unch), MBG: 27.42 (+0.04), TLO: 75.71 (+0.46), UBT: 87.85 (+1.14), TLT: 131.51 (+0.69), STIP: 99.24 (+0.12), TBT: 41.44 (-0.47), RINF: 30.61 (+0.74), DLBS: 19.31 (-0.39), ZROZ: 128.28 (+0.79), FINF: 42.47 (-0.64), HOLD: 99.40 (unch), ITE: 60.43 (+0.09), TYO: 17.21 (-0.19), TTT: 35.27 (-0.59), SCHO: 50.68 (+0.03), SCHP: 55.03 (+0.12), MBB: 110.13 (+0.05), GMTB: 52.47 (unch), GSY: 50.03 (+0.03), SCHR: 54.29 (+0.17), UINF: 27.79 (+0.01), SYTL: 85.70 (-2.97), TPS: 27.63 (+0.23), TYBS: 21.87 (+0.11), TIP: 113.76 (+0.34), IEI: 123.91 (+0.39), DTYL: 76.15 (+1.46), TYD: 47.64 (+0.71), IEF: 108.31 (+0.44), PST: 23.46 (-0.15), DTUS: 33.38 (-0.48), EDV: 132.00 (+0.92), GNMA: 50.32 (-0.07), DTYS: 19.36 (-0.62), TYNS: 30.32 (-0.09), TFLO: 50.04 (-0.09), TMV: 26.26 (-0.43), DTUL: 61.40 (-1.22), LTPZ: 69.43 (+0.37), VTIP: 48.36 (unch), SBND: 4.17 (-0.06), TBF: 23.84 (-0.13), TUZ: 50.97 (+0.02), SHY: 84.77 (+0.06), VGLT: 80.81 (+0.37), RAVI: 75.43 (-0.15), TMF: 96.98 (+1.44), SHV: 110.26 (unch), ULST: 40.03 (-0.04), NEAR: 50.11 (unch), SIPE: 19.40 (+0.08), FLAT: 61.82 (+0.25), FTSM: 60.04 (-0.01), USFR: 24.77 (-0.19), TIPX: 19.33 (+0.05), AGZ: 113.93 (-0.16), ICSH: 49.95 (+0.01), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17), INFL: 39.28 (unch), TDTT: 24.39 (+0.05), FIVZ: 80.31 (unch), DEFL: 58.00 (unch), VGIT: 65.27 (+0.21), IPE: 56.84 (+0.17), UST: 58.13 (+0.46), TENZ: 87.46 (+0.56), LBND: 60.76 (+0.90), STPP: 33.90 (-0.25), TAPR: 29.23 (-0.27), VMBS: 53.31 (+0.04), STPZ: 51.86 (+0.07), BIL: 45.73 (unch), SST: 30.26 (+0.02), VGSH: 61.06 (+0.05), FTSD: 99.29 (+0.17), MINT: 101.15 (+0.01), PLW: 33.61 (+0.10), GOVT: 25.50 (+0.04)
TIPS Going Negative Again: Not Good News!
John M. Mason - at Seeking Alpha - Sun Feb 01, 6:27AM CST
LTPZ: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
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: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), TIPX: 19.33 (+0.05), STIP: 99.24 (+0.12), TLT: 131.51 (+0.69), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17), LTPZ: 69.43 (+0.37), VTIP: 48.36 (unch), SPY: 210.41 (+0.91), QQQ: 108.53 (+0.45), GLD: 113.57 (+1.28), DIA: 180.96 (+1.30), SCHP: 55.03 (+0.12), STPZ: 51.86 (+0.07), TDTT: 24.39 (+0.05), TPS: 27.63 (+0.23)
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: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
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: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), TIPX: 19.33 (+0.05), STIP: 99.24 (+0.12), ILB: 43.50 (+0.36), TDTF: 24.79 (+0.06), WIP: 54.90 (+0.93), TIPZ: 57.81 (+0.17), ITIP: 42.38 (+0.72), LTPZ: 69.43 (+0.37), VTIP: 48.36 (unch), GTIP: 48.64 (unch), SPY: 210.41 (+0.91), SCHP: 55.03 (+0.12), STPZ: 51.86 (+0.07), TDTT: 24.39 (+0.05), TPS: 27.63 (+0.23)
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: 29.67 (-0.08), DFVS: 32.05 (-0.45), TBZ: 29.05 (-0.17), DFVL: 64.14 (+1.16), SINF: 47.80 (unch), SIPE: 19.40 (+0.08), TIPX: 19.33 (+0.05), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17), RINF: 30.61 (+0.74), FINF: 42.47 (-0.64), TYO: 17.21 (-0.19), ITE: 60.43 (+0.09), SCHP: 55.03 (+0.12), INFL: 39.28 (unch), GSY: 50.03 (+0.03), SCHR: 54.29 (+0.17), UINF: 27.79 (+0.01), TDTT: 24.39 (+0.05), SYTL: 85.70 (-2.97), TPS: 27.63 (+0.23), FIVZ: 80.31 (unch), DEFL: 58.00 (unch), VGIT: 65.27 (+0.21), TIP: 113.76 (+0.34), IEI: 123.91 (+0.39), DTYL: 76.15 (+1.46), TYD: 47.64 (+0.71), PST: 23.46 (-0.15), IEF: 108.31 (+0.44), UST: 58.13 (+0.46), IPE: 56.84 (+0.17), DTYS: 19.36 (-0.62), TYNS: 30.32 (-0.09), LTPZ: 69.43 (+0.37), VTIP: 48.36 (unch), STPZ: 51.86 (+0.07)
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: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
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: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
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: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
Pimco 2015 outlook: Drop in oil most important new development
Seeking Alpha - at Seeking Alpha - Thu Dec 18, 11:11AM CST
LDUR: 101.01 (-0.04), SIPE: 19.40 (+0.08), FBND: 50.81 (+0.23), TIPX: 19.33 (+0.05), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), IUSB: 102.53 (+0.33), TIPZ: 57.81 (+0.17), GBF: 115.47 (+0.47), SCHP: 55.03 (+0.12), AGG: 111.32 (+0.34), TDTT: 24.39 (+0.05), DI: 49.95 (+1.13), TPS: 27.63 (+0.23), SCHZ: 52.83 (+0.13), TIP: 113.76 (+0.34), PDI: 28.94 (-0.16), BOND: 110.19 (+0.10), IPE: 56.84 (+0.17), FWDB: 25.63 (unch), VBND: 50.32 (+0.16), SAGG: 32.67 (-0.41), LTPZ: 69.43 (+0.37), VTIP: 48.36 (unch), STPZ: 51.86 (+0.07), LAG: 58.88 (+0.25), BND: 83.32 (+0.22)
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: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
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: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
'Real' Return: Why TIPS And I Bonds Are Still Attractive
Tipswatch - Seeking Alpha - Mon Dec 15, 8:50AM CST
Originally published on Dec. 5, 2014 I was listening to NPR's Marketplace last night, a story about the gentrification of a Los Angeles neighborhood. And then came this quote from Steve Jones, the owner of a house-flipping business, on how he...
LTPZ: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
Janet Yellen Speaks, And... What Just Happened To TIPS And Treasuries?
Tipswatch - at Seeking Alpha - Thu Mar 19, 6:50PM CDT
The Treasury market soared across the board Wednesday after the Federal Reserve indicated it would move cautiously in increasing short-term interest rates. The yield on a 10-year nominal Treasury fell to 1.93%, a drop of 13 basis points from...
LTPZ: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
Up Next: 10-Year TIPS Will Reopen At Auction March 19, 2015
Tipswatch - Seeking Alpha - Thu Mar 12, 2:46PM CDT
The US Treasury announced this morning that it will reopen CUSIP 912828H45, creating a 9-Year 10-Month Treasury Inflation-Protected Security with a coupon rate of 0.250%. This TIPS initially auctioned on Jan. 22 with a real yield (after...
LTPZ: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
TIPS Say The Deflation 'Threat' Has Passed
Calafia Beach Pundit - Seeking Alpha - Fri Feb 27, 4:05AM CST
According to the pricing of TIPS and Treasuries, the bond market has decided that the negative inflation shock of falling oil prices has run its course. In fact, inflation expectations have been rising since year end: the bond market now sees...
LTPZ: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
The Pathetic 'Talk Therapy' Of Janet Yellen
David Stockman - Seeking Alpha - Thu Feb 26, 1:34PM CST
What in god’s name does Janet Yellen think she is doing? Just a few weeks ago she established the ridiculous Fedspeak convention that “patient” means money market rates will not rise from the zero bound for at least two meetings....
TLH: 138.81 (+0.75), TBX: 29.67 (-0.08), DFVS: 32.05 (-0.45), TBZ: 29.05 (-0.17), DFVL: 64.14 (+1.16), DLBL: 76.53 (-0.18), SINF: 47.80 (unch), MBG: 27.42 (+0.04), TLO: 75.71 (+0.46), UBT: 87.85 (+1.14), TLT: 131.51 (+0.69), STIP: 99.24 (+0.12), TBT: 41.44 (-0.47), RINF: 30.61 (+0.74), DLBS: 19.31 (-0.39), ZROZ: 128.28 (+0.79), FINF: 42.47 (-0.64), ITE: 60.43 (+0.09), TYO: 17.21 (-0.19), TTT: 35.27 (-0.59), SCHO: 50.68 (+0.03), SCHP: 55.03 (+0.12), MBB: 110.13 (+0.05), GSY: 50.03 (+0.03), SCHR: 54.29 (+0.17), UINF: 27.79 (+0.01), SYTL: 85.70 (-2.97), TPS: 27.63 (+0.23), TYBS: 21.87 (+0.11), TIP: 113.76 (+0.34), IEI: 123.91 (+0.39), DTYL: 76.15 (+1.46), TYD: 47.64 (+0.71), IEF: 108.31 (+0.44), PST: 23.46 (-0.15), DTUS: 33.38 (-0.48), EDV: 132.00 (+0.92), GNMA: 50.32 (-0.07), DTYS: 19.36 (-0.62), TYNS: 30.32 (-0.09), TFLO: 50.04 (-0.09), TMV: 26.26 (-0.43), DTUL: 61.40 (-1.22), LTPZ: 69.43 (+0.37), VTIP: 48.36 (unch), SBND: 4.17 (-0.06), TBF: 23.84 (-0.13), TUZ: 50.97 (+0.02), SHY: 84.77 (+0.06), VGLT: 80.81 (+0.37), TMF: 96.98 (+1.44), SHV: 110.26 (unch), SIPE: 19.40 (+0.08), FLAT: 61.82 (+0.25), USFR: 24.77 (-0.19), TIPX: 19.33 (+0.05), AGZ: 113.93 (-0.16), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17), INFL: 39.28 (unch), TDTT: 24.39 (+0.05), FIVZ: 80.31 (unch), DEFL: 58.00 (unch), VGIT: 65.27 (+0.21), IPE: 56.84 (+0.17), UST: 58.13 (+0.46), TENZ: 87.46 (+0.56), LBND: 60.76 (+0.90), STPP: 33.90 (-0.25), TAPR: 29.23 (-0.27), VMBS: 53.31 (+0.04), STPZ: 51.86 (+0.07), BIL: 45.73 (unch), SST: 30.26 (+0.02), VGSH: 61.06 (+0.05), PLW: 33.61 (+0.10), GOVT: 25.50 (+0.04)
Things I'm Watching
Calafia Beach Pundit - Seeking Alpha - Wed Feb 18, 3:17AM CST
Here are some charts, which I have been paying close attention to of late, and why. (click to enlarge) February housing starts are due out tomorrow, but today we got the latest builders' sentiment index - which dropped a little. But as I see...
TIP: 113.76 (+0.34), PKB: 23.44 (+0.32), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), TIPX: 19.33 (+0.05), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17), LTPZ: 69.43 (+0.37), VTIP: 48.36 (unch), XHB: 36.43 (+0.57), ITB: 27.82 (+0.54), SCHP: 55.03 (+0.12), STPZ: 51.86 (+0.07), TDTT: 24.39 (+0.05), TPS: 27.63 (+0.23)
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: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
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: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
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: 138.81 (+0.75), TBX: 29.67 (-0.08), DFVS: 32.05 (-0.45), TBZ: 29.05 (-0.17), DFVL: 64.14 (+1.16), DLBL: 76.53 (-0.18), SINF: 47.80 (unch), MBG: 27.42 (+0.04), TLO: 75.71 (+0.46), UBT: 87.85 (+1.14), TLT: 131.51 (+0.69), STIP: 99.24 (+0.12), TBT: 41.44 (-0.47), RINF: 30.61 (+0.74), DLBS: 19.31 (-0.39), ZROZ: 128.28 (+0.79), FINF: 42.47 (-0.64), HOLD: 99.40 (unch), ITE: 60.43 (+0.09), TYO: 17.21 (-0.19), TTT: 35.27 (-0.59), SCHO: 50.68 (+0.03), SCHP: 55.03 (+0.12), MBB: 110.13 (+0.05), GMTB: 52.47 (unch), GSY: 50.03 (+0.03), SCHR: 54.29 (+0.17), UINF: 27.79 (+0.01), SYTL: 85.70 (-2.97), TPS: 27.63 (+0.23), TYBS: 21.87 (+0.11), TIP: 113.76 (+0.34), IEI: 123.91 (+0.39), DTYL: 76.15 (+1.46), TYD: 47.64 (+0.71), IEF: 108.31 (+0.44), PST: 23.46 (-0.15), DTUS: 33.38 (-0.48), EDV: 132.00 (+0.92), GNMA: 50.32 (-0.07), DTYS: 19.36 (-0.62), TYNS: 30.32 (-0.09), TFLO: 50.04 (-0.09), TMV: 26.26 (-0.43), DTUL: 61.40 (-1.22), LTPZ: 69.43 (+0.37), VTIP: 48.36 (unch), SBND: 4.17 (-0.06), TBF: 23.84 (-0.13), TUZ: 50.97 (+0.02), SHY: 84.77 (+0.06), VGLT: 80.81 (+0.37), RAVI: 75.43 (-0.15), TMF: 96.98 (+1.44), SHV: 110.26 (unch), ULST: 40.03 (-0.04), NEAR: 50.11 (unch), SIPE: 19.40 (+0.08), FLAT: 61.82 (+0.25), FTSM: 60.04 (-0.01), USFR: 24.77 (-0.19), TIPX: 19.33 (+0.05), AGZ: 113.93 (-0.16), ICSH: 49.95 (+0.01), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17), INFL: 39.28 (unch), TDTT: 24.39 (+0.05), FIVZ: 80.31 (unch), DEFL: 58.00 (unch), VGIT: 65.27 (+0.21), IPE: 56.84 (+0.17), UST: 58.13 (+0.46), TENZ: 87.46 (+0.56), LBND: 60.76 (+0.90), STPP: 33.90 (-0.25), TAPR: 29.23 (-0.27), VMBS: 53.31 (+0.04), STPZ: 51.86 (+0.07), BIL: 45.73 (unch), SST: 30.26 (+0.02), VGSH: 61.06 (+0.05), FTSD: 99.29 (+0.17), MINT: 101.15 (+0.01), PLW: 33.61 (+0.10), GOVT: 25.50 (+0.04)
TIPS Going Negative Again: Not Good News!
John M. Mason - at Seeking Alpha - Sun Feb 01, 6:27AM CST
LTPZ: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
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: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), TIPX: 19.33 (+0.05), STIP: 99.24 (+0.12), TLT: 131.51 (+0.69), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17), LTPZ: 69.43 (+0.37), VTIP: 48.36 (unch), SPY: 210.41 (+0.91), QQQ: 108.53 (+0.45), GLD: 113.57 (+1.28), DIA: 180.96 (+1.30), SCHP: 55.03 (+0.12), STPZ: 51.86 (+0.07), TDTT: 24.39 (+0.05), TPS: 27.63 (+0.23)
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: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
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: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), TIPX: 19.33 (+0.05), STIP: 99.24 (+0.12), ILB: 43.50 (+0.36), TDTF: 24.79 (+0.06), WIP: 54.90 (+0.93), TIPZ: 57.81 (+0.17), ITIP: 42.38 (+0.72), LTPZ: 69.43 (+0.37), VTIP: 48.36 (unch), GTIP: 48.64 (unch), SPY: 210.41 (+0.91), SCHP: 55.03 (+0.12), STPZ: 51.86 (+0.07), TDTT: 24.39 (+0.05), TPS: 27.63 (+0.23)
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: 29.67 (-0.08), DFVS: 32.05 (-0.45), TBZ: 29.05 (-0.17), DFVL: 64.14 (+1.16), SINF: 47.80 (unch), SIPE: 19.40 (+0.08), TIPX: 19.33 (+0.05), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17), RINF: 30.61 (+0.74), FINF: 42.47 (-0.64), TYO: 17.21 (-0.19), ITE: 60.43 (+0.09), SCHP: 55.03 (+0.12), INFL: 39.28 (unch), GSY: 50.03 (+0.03), SCHR: 54.29 (+0.17), UINF: 27.79 (+0.01), TDTT: 24.39 (+0.05), SYTL: 85.70 (-2.97), TPS: 27.63 (+0.23), FIVZ: 80.31 (unch), DEFL: 58.00 (unch), VGIT: 65.27 (+0.21), TIP: 113.76 (+0.34), IEI: 123.91 (+0.39), DTYL: 76.15 (+1.46), TYD: 47.64 (+0.71), PST: 23.46 (-0.15), IEF: 108.31 (+0.44), UST: 58.13 (+0.46), IPE: 56.84 (+0.17), DTYS: 19.36 (-0.62), TYNS: 30.32 (-0.09), LTPZ: 69.43 (+0.37), VTIP: 48.36 (unch), STPZ: 51.86 (+0.07)
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: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
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: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
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: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
Pimco 2015 outlook: Drop in oil most important new development
Seeking Alpha - at Seeking Alpha - Thu Dec 18, 11:11AM CST
LDUR: 101.01 (-0.04), SIPE: 19.40 (+0.08), FBND: 50.81 (+0.23), TIPX: 19.33 (+0.05), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), IUSB: 102.53 (+0.33), TIPZ: 57.81 (+0.17), GBF: 115.47 (+0.47), SCHP: 55.03 (+0.12), AGG: 111.32 (+0.34), TDTT: 24.39 (+0.05), DI: 49.95 (+1.13), TPS: 27.63 (+0.23), SCHZ: 52.83 (+0.13), TIP: 113.76 (+0.34), PDI: 28.94 (-0.16), BOND: 110.19 (+0.10), IPE: 56.84 (+0.17), FWDB: 25.63 (unch), VBND: 50.32 (+0.16), SAGG: 32.67 (-0.41), LTPZ: 69.43 (+0.37), VTIP: 48.36 (unch), STPZ: 51.86 (+0.07), LAG: 58.88 (+0.25), BND: 83.32 (+0.22)
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: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
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: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
'Real' Return: Why TIPS And I Bonds Are Still Attractive
Tipswatch - Seeking Alpha - Mon Dec 15, 8:50AM CST
Originally published on Dec. 5, 2014 I was listening to NPR's Marketplace last night, a story about the gentrification of a Los Angeles neighborhood. And then came this quote from Steve Jones, the owner of a house-flipping business, on how he...
LTPZ: 69.43 (+0.37), VTIP: 48.36 (unch), TIP: 113.76 (+0.34), IPE: 56.84 (+0.17), SIPE: 19.40 (+0.08), STPZ: 51.86 (+0.07), SCHP: 55.03 (+0.12), TDTT: 24.39 (+0.05), TIPX: 19.33 (+0.05), TPS: 27.63 (+0.23), STIP: 99.24 (+0.12), TDTF: 24.79 (+0.06), TIPZ: 57.81 (+0.17)
