TIPX
SPDR Barclays 1-10 Year TIPS ETF  |  NYSEARCA
52wk high:20.25
52wk low:19.02
Expense Ratio:0.15%
Div Frequency:Monthly
Div Rate (ttm):0.63
Yield (ttm):3.21%
Assets (AUM):$95.83M
Volume:
  • Fri, Jan. 20, 9:40 AM
    • Even after their recent rally, TIPS prices are still at a relatively low level, BlackRock's Jeffrey Rosenberg tells Bloomberg. "Over the long run, we think there's room for further inflation expectations to build into the market."
    • "They're a big theme for us in 2017."
    • ETFs: TIP, VTIP, SCHP, IPE, LTPZ, STPZ, TIPZ, STIP, TPS, TDTT, TIPX, TDTF, SIPE
    Fri, Jan. 20, 9:40 AM
  • Sun, Jan. 1, 5:44 AM
    • SocGen suspects investors have not forgotten about a powerful bond rally in each January of the past three years, each with its own rationale ("the 2H13 taper tantrum was reversed as the economy started to run out of steam; early 2015 saw the front running of the ECB’s QE; early 2016 saw a panic reaction to large capital outflows in China").
    • Still, firm says it does not expect a repeat:
    • The macro environment differs sharply. Global growth peaked in autumn 2013, and from there slowed down consistently into mid-2016. But it has now turned. Global inflation has also picked up, with U.S. wages, oil prices and the Chinese PPI all pointing north. Economic momentum into the turn of the year, especially in the DM world, is such that the global economy is likely to prove more resilient to shocks.
    • "The cyclical improvement, along with the ongoing reflation effort (U.S. fiscal stimulus in the pipe, ECB, BoE and BoJ remain very accommodative) will push market participants to reduce unprecedented exposure to the interest rate risk.
    • "Our directional bias for now remains bearish."
    • ETFs: TBT, TLT, TIP, TMV, IEF, SHY, TBF, EDV, TMF, PST, TTT, VTIP, ZROZ, RINF, MBB, VGLT, TLH, IEI, BKT, SCHP, BIL, TYO, UBT, IPE, UST, DLBS, PLW, DTYS, TLO, VGSH, VMBS, LTPZ, SHV, GNMA, VGIT, STPP, STPZ, TIPZ, GOVT, SCHO, STIP, FLAT, TBX, SCHR, FTT, ITE, GSY, TYD, DTYL, EGF, VUSTX, DLBL, MBG, TYBS, SST, DTUS, TPS, TUZ, DTUL, TDTT, AGZ, DFVL, TIPX, TAPR, TBZ, TDTF, DFVS, USFR, TYNS, SIPE, TFLO, RISE, FIBR, GBIL, HYDD
    Sun, Jan. 1, 5:44 AM
  • Dec. 1, 2016, 12:01 PM
    • SPDR Nuveen Barclays Municipal Bond ETF (NYSEARCA:TFI) - $0.0854. 30-Day Sec yield of 2.05%.
    • SPDR Barclays Long Term Treasury ETF (NYSEARCA:TLO) - $0.1414. 30-Day Sec yield of 2.72%.
    • SPDR Barclays Aggregate Bond ETF (NYSEARCA:BNDS) - $0.1259. 30-Day Sec yield of 2.18%.
    • SPDR DoubleLine Total Return Tactical ETF (NYSEARCA:TOTL) - $0.1260. 30-Day Sec yield of 2.84%.
    • SPDR SSGA Ultra Short Term Bond ETF (NYSEARCA:ULST) - $0.0329. 30-Day Sec yield of 0.91%.
    • SPDR Barclays TIPS ETF (NYSEARCA:IPE) - $0.1294. 30-Day Sec yield of 0.12%.
    • SPDR Barclays 1-10 Year TIPS ETF (NYSEARCA:TIPX) - $0.0188.
    • SPDR Barclays 0-5 Year TIPS ETF (NYSEARCA:SIPE) - $0.0095.
    • Payable Dec. 9; for shareholders of record Dec. 5; ex-div Dec. 1. 30-Day Sec yield as of 11/29/2016.
    Dec. 1, 2016, 12:01 PM
  • Nov. 10, 2016, 1:32 PM
    • While the yield on the 10-year Treasury note has gained 22 basis points to 2.08% since the election, the yield on the same-maturity inflation-linked Treasury is up just five basis points. That's a pretty sizable relative move, says Standish Mellon's Raman Srivastava.
    • The conventional thinking here is that the new president's policies such as lower taxes, lower regulation, and more infrastructure spending are going to lead to higher inflation.
    • TIPS ETFs: TIP, VTIP, SCHP, IPE, LTPZ, STPZ, TIPZ, STIP, TPS, TDTT, TIPX, TDTF, SIPE
    Nov. 10, 2016, 1:32 PM | 1 Comment
  • Nov. 10, 2016, 11:06 AM
    Nov. 10, 2016, 11:06 AM | 49 Comments
  • Nov. 7, 2016, 3:37 PM
    Nov. 7, 2016, 3:37 PM | 1 Comment
  • Oct. 18, 2016, 4:59 AM
    • Tracking the differential in the yield of TIPS (Treasury Inflation-Protected Securities) and conventional Treasury notes renders an indicator known as the BEI - the breakeven inflation rate.
    • The BEI gets its name because it represents a point of indifference - the level of inflation at which you’d receive approximately the same total return on your TIPS as you would on a conventional T-note if CPI inflation averages that rate over the next 10 years.
    • Back in February, the 10-year BEI cratered at 1.18%. It's now retesting the 1.67% resistance area. If it break, and stays, above 1.70%, the next upside objective is the 1.90% level, SA author Brad Zigler says.
    • If the pattern holds, investors could readjust their portfolio’s fixed income exposure and duration with the following ETF play: The 10-year BEI is proxied by the price ratio of the iShares TIPS Bond ETF (NYSEARCA:TIP) versus the iShares 7-10 Year Treasury Bond ETF (NYSEARCA:IEF).
    • Zigler notes that the TIP/IEF ratio broke above its 100-week simple moving average ("SMA" - see chart here). "Without going into a bunch of technical interpretation, suffice it to say that this sets up TIPS as the better buy for income-focused investors - for the long term."
    Oct. 18, 2016, 4:59 AM | 8 Comments
  • Sep. 1, 2016, 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.
    Sep. 1, 2016, 10:43 AM
  • May 23, 2016, 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
    May 23, 2016, 1:20 PM | 3 Comments
  • Mar. 30, 2016, 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
    Mar. 30, 2016, 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