SPDR Barclays 1-10 Year TIPS ETF(TIPX)- NYSEARCA
  • Thu, Sep. 1, 10:43 AM
    • SPDR DoubleLine Total Return Tactical ETF (NYSEARCA:TOTL) - $0.1269. 30-Day Sec yield of 2.77%.
    • SPDR SSGA Ultra Short Term Bond ETF (NYSEARCA:ULST) - $0.0316. 30-Day Sec yield of 0.82%.
    • SPDR Barclays TIPS ETF (NYSEARCA:IPE) - $0.2500. 30-Day Sec yield of 0.01%.
    • SPDR Barclays 1-10 Year TIPS ETF (NYSEARCA:TIPX) - $0.1139. 30-Day Sec yield of -0.11%.
    • SPDR Barclays 0-5 Year TIPS ETF (NYSEARCA:SIPE) - $0.1243. 30-Day Sec yield of -0.13%.
    • SPDR Dorsey Wright Fixed Income Allocation ETF (NASDAQ:DWFI) - $0.0254.
    • SPDR DoubleLine Emerging Markets Fixed Income ETF (BATS:EMTL) - $0.1667.
    • SPDR DoubleLine Short Duration Total Return Tactical ETF (BATS:STOT) - $0.1052.
    • Payable Sept. 12; for shareholders of record Sept. 6; ex-div Sept. 1. 30-Day Sec yield as of 8/30/2016.
    | Thu, Sep. 1, 10:43 AM
  • Mon, May 23, 1:20 PM
    • "Why deflation is dead," is the title of the latest weekly commentary from BlackRock global chief investment strategist Richard Turnhill.
    • It's not just about higher energy prices, he says, The rising dollar has been a headwind to inflation, and that's beginning to abate. He also notes prices of more stable service-based components of the CPI have begun rising, as are wages, and consumer inflation expectations.
    • TIPS are pricing in inflation of just 1.4% over the next ten-years, and prices have slipped in the past few days as investor ratchet up rate-hike expectations.
    • That's a mistake, says Turnhill, who expects the Fed to remain pretty cautious on tighter policy. "Rising inflation means owning TIPS in lieu of nominal Treasurys can be an important hedge for fixed income portfolios."
    • ETFs: TIP, VTIP, SCHP, IPE, LTPZ, STPZ, TIPZ, STIP, TPS, TDTT, TIPX, TDTF, SIPE
    | Mon, May 23, 1:20 PM | 3 Comments
  • Wed, Mar. 30, 11:56 AM
    • "A Fed less concerned about [inflation] shifts risk to a price breakout," says FTN Financial's Jim Vogel, quickly summing up the bull case on TIPS.
    • Yellen's dovish remarks yesterday - especially in the face of core CPI up 2.3% Y/Y in February - sent the five-yield TIPS yield lower by 15 basis points. It's off another four bps today to negative 0.33%. TIPS have returned more than 4% YTD, outperforming most vanilla Treasurys, according to Barclays.
    • Pimco and BlackRock are among those bullish on the paper, and TIPS ETFs have raked in a record $2.14B this quarter.
    • ETFs: TIP, VTIP, SCHP, IPE, LTPZ, STPZ, TIPZ, STIP, TPS, TIPX, TDTT, TDTF, SIPE
    | Wed, Mar. 30, 11:56 AM | 6 Comments
  • Dec. 29, 2015, 2:13 PM
    • SPDR Barclays 1-10 Year TIPS ETF (NYSEARCA:TIPX) announces monthly distribution of $0.012.
    • 30-Day Sec yield of 0.29% (as of 12/24/2015).
    • Payable Jan. 7; for shareholders of record Dec. 31; ex-div Dec. 29.
    | Dec. 29, 2015, 2:13 PM
  • Jun. 24, 2015, 11:34 AM
    • With many investors stuck in the recent past's worry over deflation,TIPS "reflect insufficient risk premium" that inflation could run higher than the Fed's 2% target, says Pimco's Mihir Worah, CIO real return and asset allocation.
    • "These U.S. government-backed bonds, and inflation-linked bonds of several other nations, can be the cornerstone of a portfolio of inflation-hedging assets, depending on the specific objectives of each investor."
    • ETFs: TIP, WIP, VTIP, SCHP, IPE, LTPZ, WIW, STPZ, TIPZ, STIP, ILB, WIA, ITIP, GTIP, TPS, TDTT, TIPX, TDTF, SIPE
    | Jun. 24, 2015, 11:34 AM | 2 Comments
  • Apr. 21, 2015, 11:07 AM
    • The $13.8B iShares TIPS Bond ETF (NYSEARCA:TIP) saw $634M of inflows last week, the highest weekly amount since the fund's opening in 2003. The move came alongside the latest CPI report which showed core prices rising faster than expected for a 2nd straight month, as well as the continued bounce in crude - now up about 30% from its March low.
    • At the Barron's roundtable in January, Bill Gross singled out the Schwab U.S. TIPS ETF (NYSEARCA:SCHP) for gains, expecting a rebound in returns with just a modest reversal in the oil bear market.
    • Source: Barron's
    • ETFs: TIP, VTIP, SCHP, IPE, LTPZ, STPZ, TIPZ, STIP, TPS, TDTT, TIPX, TDTF, SIPE
    | Apr. 21, 2015, 11:07 AM | 1 Comment
  • Dec. 29, 2014, 2:08 PM
    • SPDR Barclays 1-10 Year TIPS (NYSEARCA:TIPX) announces monthly distribution of $0.084.
    • 30-Day Sec yield of 0.09% (as of 12/24/2014).
    • Payable Jan 7; for shareholders of record Dec 31; ex-Div. Dec 29.
    | Dec. 29, 2014, 2:08 PM
  • Dec. 18, 2014, 12:11 PM
    • Oil price drops similar or greater in magnitude than what's recently been seen have occurred a number of times over the past 30 years, say new Pimco CIO Daniel Ivascyn along with Saumil Parikh. Some have coincided with major recessions and others with faster global growth. So what gives for 2015?
    • The short answer: This drop in oil is supply-, not demand-driven, they conclude, and thus should foster faster economic growth than otherwise next year.
    • As for inflation, expect negative headline prints in developed economies next year, but these should bounce back later in 2015 and into the following year.
    • Investment themes: 1) The outlook for easier monetary policy (in all but the U.S.) has been priced in, making for limited upside for high-quality duration 2) TIPS are attractive as their prices have more than discounted the coming negative inflation prints 3) Globally, eurozone peripheral bonds are the pick 4) In the U.S. non-agency mortgages (see Ivascyn's PDI) are poised for outperformance, but agency paper is overvalued, particularly as the Fed's purchases have ended.
    • Ivascyn also manages the Pimco Income Fund (MUTF:PONAX) and (formerly managed by Bill Gross) the Pimco Unconstrained Bond Fund (MUTF:PUBAX).
    • ETFs: AGG, BND, BOND, SCHZ, LAG, SAGG, DI, GBF, FBND, LDUR, FWDB, IUSB, VBND, TIP, VTIP, SCHP, IPE, LTPZ, STPZ, TIPZ, STIP, TPS, TDTT, TIPX, TDTF, SIPE
    | Dec. 18, 2014, 12:11 PM | 1 Comment
  • Jun. 25, 2014, 4:41 AM
    • Expectations of U.S. and euro zone break-even rates seem to be heading in opposite directions, as investors wager on opposing consumer price outlooks. The break-even rates, as measured by the difference between yields on 10-year nominal Treasury notes and TIPs, are at about 2.3% in the U.S. This greatly differs in the euro zone, where Germany reports a rate of 1.3%.
    • TIPs are expected to gain in popularity over the next year, as break-evens expect to rise in par with U.S. inflation. However, the euro zone is currently dealing with a falling inflation rate. Despite the European Central Bank instituting a 2% inflation mandate, annual inflation in the euro zone was only 0.5% in May.
    • ETFs: TIP, WIP, VTIP, SCHP, IPE, LTPZ, STPZ, TIPZ, STIP, ILB, ITIP, GTIP, TPS, TDTT, TIPX, TDTF, SIPE, RINF, INFL, UINF, FINF, DEFL, SINF
    | Jun. 25, 2014, 4:41 AM
  • Mar. 31, 2014, 7:53 AM
    • After pouring money into U.S. Treasury ETFs in the first two months of the year, investors pulled $10.3B in March, the largest amount withdrawn since December 2010, according to Bloomberg. The $7.86B iShares 1-3 Year Treasury Bond ETF (SHY) is the leader on a percentage basis - losing one-third of its AUM this month.
    • The catalyst is clearly the FOMC's signal on rate hikes beginning in about a year. “When the market thinks the Fed is going to raise rates, they don’t tend to stick around in short-dated bonds,” says global macro strategist Thomas Higgins.
    • Short-duration Treasury ETFs: SHY, BIL, SHV, VGSH, SCHO, DTUL, SST, DTUS, TUZ
    • In other areas of fixed income, inflation--linked bond ETFs had their first inflows in 19 months, and investors continue to plow money in high-yield.
    • TIPs and junk ETFs: HYG, JNK, TIP, HYLD, HYS, SJNK, PHB, VTIP, IPE, SCHP, SJB, STPZ, LTPZ, TIPZ, HYHG, STIP, ANGL, HYLS, XOVR, THHY, UJB, TPS, SHYG, QLTC, TDTT, TIPX, HYZD, TDTF, HYND, SIPE
    | Mar. 31, 2014, 7:53 AM
  • Mar. 20, 2014, 3:24 PM
    | Mar. 20, 2014, 3:24 PM
  • Feb. 27, 2014, 11:26 AM
    • The SPDR Barclays 0-5 Year TIPS ETF (SIPE) launches today and will offer investors short term exposure to the TIPS market; this space features a lot of competition.
    • The iShares Enhanced International Large Cap ETF (IEIL) and Enhanced International Small Cap ETF (IEIS) began their active strategy this morning and offer expense ratios of 0.35% and 0.49% respectively.
    • The PowerShares International BuyBack Achievers Portfolio (IPKW), like IEIL and IEIS, is based on a previously launched domestic strategy; the PowerShares BuyBack Achievers Portfolio (PKW).
    • TIPS ETFs: TIP, VTIP, IPE, SCHP, STPZ, LTPZ, TIPZ, STIP, TPS, TDTT, TIPX, TDTF
    • Broad international ETFs: VT, VSS, SCZ, DLS, ACWI, IOO, SCHC, ONEF, DGT, FIGY, RWV, FNDC, TOK
    • Buyback ETFs: SYLD, FYLD
    | Feb. 27, 2014, 11:26 AM
  • Nov. 29, 2013, 12:47 PM
    • TIPS fared even worse than regular Treasurys in the bond market selloff this summer, and - down 8% YTD - are headed for their poorest performance since they were brought to market in 1997. The 10-year yield gap - the difference between 10-year yields on nominal and inflation-protected Treasurys, and a measure of inflation expectations - has shrunk to 2.14% from 2.5% at the start of the year.
    • TIPS owners for years have accepted negative real yields on the expectation the Fed's monetary ease would lead to higher inflation. With inflation still quiet and the Fed set to wind down its QE, where's a TIPS bull to turn to? 2014 may be even worse, says JPMorgan, which sees CPI no higher than 1.7%. Combined with what the team expects will be a 120 basis point rise in real yields, it translates into a 8.4% loss for TIPS.
    • Maybe bailing out TIPS next year would be a Yellen-led Fed indicating a greater tolerance for higher inflation and yet more delays in the taper.
    • TIPS ETFs: TIP, VTIP, IPE, SCHP, LTPZ, STPZ, TIPZ, STIP, TPS, TDTT, TDTF, TIPX
    | Nov. 29, 2013, 12:47 PM | 3 Comments
  • Nov. 16, 2013, 10:08 PM
    • "Our problem is that the S&P is up this year about 25% on earnings that are up 3%. So we've got a market that is rising because of P/E expansion," 21-year GMO veteran Ben Inker tells Barron's (one recalls a similar warning from Guggenheim back in August).
    • Inker argues that because P/E multiples are still expanding at a time when profit margins are "already as good as we've ever seen," the prospects for upside surprises to profit growth look "pretty dim" going forward.
    • As for bonds, Inker characterizes the return on U.S. government debt as "horrible" and says corporate debt "is riskier than people are making it out to be, particularly the very low-rated stuff."
    • Inker's picks for the current environment: TIPS, "high-quality" U.S. companies, and emerging-market stocks where reasonable valuations leave room for some upside.
    • "High-quality" U.S. stocks mentioned include: JNJ, MCD, WMT, MSFT
    • TIPS ETFs: TIP, VTIP, IPE, SCHP, LTPZ, STPZ, TIPZ, STIP, TPS, TDTT, TDTF, TIPX
    • EM ETFs: EEM, VWO, EDC, EDZ, SCHE, IEMG, EEV, PIE, ADRE, EUM, EET, GMM, EEME, EMCR, DBEM, EWEM, FEM, EMLB, EMSA, EMFT, EMDR
    • High-yield ETFs: HYG, JNK, HYS, HYLD, SJNK, PHB, SJB, ANGL, XOVR, UJB, QLTC
    | Nov. 16, 2013, 10:08 PM | 4 Comments
  • Jul. 31, 2013, 3:31 PM
    • TIPS (TIP +0.6%) turn from lower on the session to a sizable gain following the FOMC statement where the committee brought previous dissenter Jim Bullard on board by noting inflation below the 2% objective could pose a risk to the economy.
    • The 10-year TIPS yield is down to 0.42% from 0.48% earlier, the 30-year down to 1.34% from 1.4%.
    • TIPS, of course, become more valuable as inflation rises as their principal moves alongside.
    | Jul. 31, 2013, 3:31 PM
  • Jun. 22, 2013, 9:30 AM
    It's "total capitulation" in fixed income (AGG, BND), says BAML's Michael Hartnett. The "blood bath" includes the largest-ever three-week rush of bond-fund redemptions, $2.6B leaving (2nd largest outflow ever) the Emerging Markets Bond ETF (EMB), and mortgage-backed securities (MBB), municipal bonds (MUB), and TIPS (TIP) funds each now showing net outflows for 2013.
    | Jun. 22, 2013, 9:30 AM | 47 Comments
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