Revisiting TIPS, Treasuries And Insurance
Yesterday’s price action in the TIPS market confirmed once again how breakeven rates of inflation are distorted by conventional Treasuries’ insurance role.
Untitled
Market Facts — September 16, 2008
Revisiting TIPS, Treasuries And Insurance Yesterday’s price action in the TIPS market confirmed once again how breakeven rates of inflation are distorted by conventional Treasuries’ insurance role.