Is IPE a buy? - Seeking Alpha

Quote & Headlines Market Currents StockTalk

Today 5d 1m 3m 1y 5y 10y

52wk high:

52wk low:

EPS:

PE:

Div Rate:

Yield:

Market Cap:

Volume:

115 people get IPE articles and Market Currents by email alert.

Get email alerts on IPE »

FOCUS | PRO | RELATED | TRANSCRIPTS | NEWS & PR

Individual Bonds vs. Bond ETFs: Two Completely Different Animals
Morningstar • Thu, Feb 11, 2010 • 23 Comments
Duration and TIPS: The Looming Scandal
IndexUniverse • Tue, Feb 9, 2010 • 14 Comments
First Global TIPS ETF Hits U.S.
IndexUniverse • Wed, Mar 19, 2008 • 1 Comment

To learn more about Seeking Alpha Pro, click here.

The Gold Clock Goes T.I.C.-Tock On SE Asia
Tom Luongo • Tue, Jun 18 • 4 Comments
The Next Known Unknown - Europe?
John M. Mason • Sat, Jun 15 • 6 Comments
TIPS And Gold
Rick Weissman • Fri, Jun 14 • 2 Comments
The Bond Market Vigilantes Are Still Not In The Same Hemisphere As We Are
Brad DeLong • Thu, Jun 13 • 1 Comment
The Prospect Of Deflation
Doug Short • Tue, Jun 11 • 5 Comments
Is This The Real 'Sell-Off'?
The Inflation Trader • Thu, Jun 6 • 13 Comments
Is The Fed Losing The Battle For A Sustainable Recovery?
Matthew Claassen • Wed, Jun 5 • 97 Comments
Bonds And The 'Convexity' Trade
The Inflation Trader • Thu, May 30 • 18 Comments
Inflation Comes In Below Forecast, Thanks Again Mostly to Lower Gasoline Prices
Doug Short • Fri, May 17 • 2 Comments
PCE Price Index Update: The Disinflationary Trend Continues
Doug Short • Tue, Apr 30 • 2 Comments
Gold As A Hedge: Lessons From The Sell-Off
Evariste Lefeuvre • Thu, Apr 18 • 8 Comments
Droopy Figures
The Inflation Trader • Tue, Apr 9 • 1 Comment
How To Make Money With Modern Money Theory
David Cretcher • Sun, Mar 31 • 17 Comments
Inflation, Growth Or Deflation: What Next?
David Cretcher • Fri, Mar 22 • 10 Comments
Allocating Within The All-Weather Sailboat Portfolio: Part 2
David Cretcher • Wed, Mar 20 • 11 Comments
Understanding The Fed, The Super Bubble And Your Money
Larry Trefz • Thu, Mar 14 • 20 Comments
Why Asset Allocations Fail And What You Can Do About It
David Cretcher • Thu, Mar 7 • 6 Comments
Dow New Highs Vs. Deflation Pulse - Who's Right?
Michael A. Gayed • Wed, Mar 6 • 27 Comments
America Divided: Inflation Felt By Many While Bernanke Fights Deflation
Larry Trefz • Tue, Mar 5 • 7 Comments
Build A Reliable All-Weather Portfolio With 4 ETFs
David Cretcher • Sun, Mar 3 • 28 Comments

There are no Transcripts on IPE.

Video: How the Fed Could Disappoint Markets

at MarketWatch.com (Nov 1, 2010)
Credit Markets: Bond market more worried about inflation than Fed

at MarketWatch.com (Oct 12, 2010)

IPE vs. ETF Alternatives

IPE Description

The SPDR® Barclays Capital TIPS ETF seeks to provide investment results that, before fees and expenses, correspond generally to the price and yield performance the Barclays U.S. Government Inflation-linked Bond Index. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
See more details on sponsor's website

Country: United States

Key Info

In Your Portfolio: Broad U.S. Bond ETFs, A Guide to U.S. Government Bond ETFs
Asset Class Performance: Bonds

All
| Earnings
| Dividends
| M&A
| On the move

Tuesday, June 4, 4:42 PM More Gundlach (previous): "I really dislike TIPS (TIP) and have really disliked them recently." There's no inflation, which makes them a lousy investment, he says, but even if you think there's going to be inflation, why not wait and buy them at a far lower price. Comment!
Thursday, May 30, 3:39 PM State Street launches the SPDR 1-10 Year TIPS ETF (TIPX), set to track the Barclays 1-10 Year Government Inflation-linked Bond Index. It appears similar in structure to another State Street TIPS fund (IPE), but with an expense ratio 3.5 bps lower at 0.15%. Also launched is the SPDR S&P Global Dividend ETF (WDIV), set to track the S&P Global Dividend Aristocrats Index. It has a cost of 0.40% and joins competitors DEW and LVL, each of those with coming with slightly higher costs. 1 Comment
Wednesday, May 15, 3:40 PM More from Gundlach: Not concerned about inflation, he calls TIPS (TIP) "pretty bad" investments and says he'll be a buyer if the 10-year (TLT) yield bounces back to 2% (off 3 bps today to 1.94%). As for the inevitable Apple (AAPL -3.3%) question - he prefers the common stock to the just-issued bonds. Warren Buffett says he prays for stocks he owns to go down in price - it allows him and company repurchase programs to buy at better prices. Is Apple putting money to work the last couple of days? 15 Comments [Tech]
Friday, April 26, 3:26 PM TIPS have mostly rebounded from a recent selloff, but Barclays spots an opportunity at the short-end of the curve. Some 1-year notes are expected to fall in price next week when they fall out of the Barclays U.S. TIPS Index (which must drop them when less than a year to maturity). The ensuing forced selling by funds such as the TIP could create a bargain price for buyers. Comment!
Friday, April 19, 12:48 PM Bill Gross takes advantage of the recent selloff in TIPS (TIP) to add to his holdings, noting the break-even rate for longer-dated paper has fallen to 2.35% (if inflation comes in above this number, TIPS outperform Treasurys). Yesterday's Treasury auction of TIPS was a mess, with one trader calling the action a "get me out" trade. Gross is getting in. 1 Comment [U.S. Economy]
Monday, April 15, 1:42 PM Gold isn't the only inflation hedge losing fans as funds owning TIPS have seen 3 straight months of outflows, according to Morningstar, the first such streak since 2008. At current levels, 5-year TIPS (TIP) would break even only if inflation rises more than 2.18% annually. "We just don't see (it)," says formerly bullish strategist Dan Heckman, whose fund has been a seller of late. 1 Comment [Financials, U.S. Economy]
Friday, January 25, 3:24 PM Inflation-protected securities have duration as well. Today's selloff in Treasurys (TLT -1.5%) is also taking a bite out of TIPS (TIP -0.5%). Meanwhile, Morningstar launches its Real Asset Index which will hold a portfolio of TIPS, REITs, and commodity stocks and futures. Perhaps an ETF will soon be launched to track it. Comment! [U.S. Economy]
Wednesday, December 19, 2012, 3:27 PM Bill Gross (BOND) is "lightening positions" in MBS after they've been a big winner for his funds this year (interesting: the MBB has actually declined since the Fed began QE∞). He's also cutting back on his holdings of corporate paper (LQD). Expecting the Fed to eventually produce higher inflation, he's added to his holdings of TIPS (TIP), while cutting back on non-inflation protected Treasurys. 3 Comments [U.S. Economy, Financials]
Wednesday, December 12, 2012, 4:36 PM Treasurys have a tough day following the Fed's decision to pour on the liquidity, the price on the 10-year note falling nearly half a point following the FOMC announcement. Inflation-protected securities continue to be a (relatively) excellent place to hide out, with TIP -0.3% against TLT's 1.2% decline. No inflation worries? TIPS have outperformed Treasurys of a similar maturity by a wide margin this year. Comment! [U.S. Economy]
Thursday, December 6, 2012, 11:28 AM No inflation? It's another record-high for the TIPS Bond Fund (TIP) as inflation-protected securities continue to outperform Treasurys of a similar maturity (a run stretching back to Sept. 2011). Thus far this year, TIP has posted a total return of better than 8%. 1 Comment [U.S. Economy]
Wednesday, November 21, 2012, 11:47 AM The Treasury sells $13B in 10-year TIPS priced to yield -0.72% vs. a when-issued yield of -0.76%. Bid-to-cover ratio of 2.53 vs. a recent 2.35; indirect bidders take down 48% vs. a recent 43.8%, direct bidders 10.3%. TIP -0.3%. Comment! [U.S. Economy]
Wednesday, October 17, 2012, 9:12 AM TIPS investors have another fund to choose from as Vanguard's Short-Term Inflation Protected Securities ETF (VTIP) traded 30K shares on its launch yesterday. The fund's fee is 0.10% vs. similar funds STIP and STPZ which charge 0.20%. 1 Comment [U.S. Economy]
Thursday, September 20, 2012, 1:23 PM Investors grudgingly pay up for inflation protection, the Treasury selling $13B in 56-month TIPS at -0.75% - the 5th consecutive auction of negative yields. Bid-to-cover ratio of 2.35 vs. a recent average of 2.78; direct bidders took down 7.6% vs a recent 15.6%, indirect bidders 43.8% vs. a recent 39%. On-the-run TIPS take a bit of a tumble after the weakish results. TIP -0.2%. Comment! [U.S. Economy]
Friday, September 14, 2012, 3:23 PM Deflation risk? As Treasurys plummet (TLT -2.4%), inflation-protected bonds (TIP +0.5%) move in the opposite direction. Michael Gayed tracks the ratio of TIP to the 7-10 year Treasury ETF (IEF) as a way to gauge inflation expectations, and it's spiked higher of late, suggesting far higher inflation fears. 12 Comments [U.S. Economy]
Thursday, August 23, 2012, 5:09 PM Noting the FOMC minutes said additional ease is coming fairly soon unless the economy sees "sustainable strengthening," Bill Gross says QE3 is a "done deal." He expects an open-ended program in which neither the size nor ending date of asset purchases is fixed. How to play it? Buy TIPs and buy mortgages (or buy the companies that buy mortgages). 4 Comments [Financials, U.S. Economy]
Tuesday, July 10, 2012, 9:42 AM Merrill Lynch quietly tells its clients to prepare for a fundamental geopolitical shift in which western (mostly American) dominance crumbles with nothing ready to take its place. Ideas: Buy ETFs to guard against inflation and higher taxes set to be unleashed by desperate governments. Abandon the idea Treasurys are a special risk-free asset class, and look at the paper of places like Australia and Singapore. 7 Comments [Global & FX, U.S. Economy]

Dr. Kris
Getting TIPsy: Inflation protected treasury funds breaking down to new yearly lows. Next major support levels: $IPE $58, $TIP $116.
May 30, 2:45 PM
Reply (6)

• !Report Abuse
View all 6 replies
Dr. Kris: That may be the "mandate" but there have been innuendoes that some of the Fed gov's may be looking to end QE earlier.
May 30, 4:29 PM
• !Report Abuse
bd4uandu: It does seem they are getting less bang for the buck.
May 30, 4:47 PM
• !Report Abuse
Add a reply...

140 characters

O. Young Kwon
TANER Rotation Model [TRM] Momentum 11/26/2012 (Monday) (1-2-3) SPDR Barclay Capitan TIPS ETF ($IPE) <c>
11/24/12
Reply (2)

• !Report Abuse
View all 2 replies
O. Young Kwon: Click: http://seekingalpha.com/p/p9e3 For "The Daily TANER Momentum" <c>
11/24/12
• !Report Abuse
O. Young Kwon: (The numbers are terms in months.) For The TANER System and its four Models, read my article. Link:http://seekingalpha.com/a/hitr yk
11/24/12
• !Report Abuse
Add a reply...

140 characters

Dr. Kris
Ugly day for Treasury bond funds: Breaking support levels are $TLT, $TLO, $TLH, $IPE, $TIP, $IEF, $ITE.
8/15/12
Reply (1)

• !Report Abuse
View all 1 replies
neobliviscar: I had the top figured for 4th quarter. Looks like I was wrong for now. But then everyone was calling a top in March.
8/15/12
• !Report Abuse
Add a reply...

140 characters

O. Young Kwon
Sector Rotation TANER Momentum (1-2-3) on 6/8/2012 (Friday): IPE (State Street TIPS) REM (iShares NAREIT Mortgage) VOX (Vanguard Telecomm).
6/8/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

O. Young Kwon
Sector Rotation TANER Momentum (1-2-3) on 5/31/2012 (Tuesday): IPE (TIPS) RWR (REIT) REM (iShares NAREIT Mortgage). yk
5/31/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

O. Young Kwon
Sector Rotation TANER Momentum (1-2-3) on 5/21/2012 (Monday): IPE XHB REM. yk
5/19/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

O. Young Kwon
State Street High Yield Bond (IPE). not only has its Sector Rotation TANER Momentum (1-2-3), but TIP has its TANER ETF Momentum (1-3). yk
5/10/12
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Dr. Kris
Off Saudi oil scare, US$ (UUP) rebounding & Treasuries rising, esp TIPS funds--two breaking near-term resistance: TIP, IPE.
3/10/11
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Dr. Kris
Mortgaged-based funds breaking major support today: MBB & VFIIX (GNMA fund). TIPS funds testing support: IPE, TIP.
2/8/11
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

Marvin Clark
Positions in my SA portfolio that closed up today: FXF, GLD, IAU, IPE, SGOL, SHY, TIP, TLT
6/29/10
Reply

• !Report Abuse
View all 0 replies
Add a reply...

140 characters

LATEST REPLIES

Dr. Kris
Getting TIPsy: Inflation protected treasury funds breaking down to new yearly lows. Next major support levels: $IPE $58, $TIP $116.
May 30, 2:45 PM
Reply (6)

• !Report Abuse
View all 6 replies
Dr. Kris: That may be the "mandate" but there have been innuendoes that some of the Fed gov's may be looking to end QE earlier.
May 30, 4:29 PM
• !Report Abuse
bd4uandu: It does seem they are getting less bang for the buck.
May 30, 4:47 PM
• !Report Abuse
Add a reply...

140 characters

O. Young Kwon
TANER Rotation Model [TRM] Momentum 11/26/2012 (Monday) (1-2-3) SPDR Barclay Capitan TIPS ETF ($IPE) <c>
11/24/12
Reply (2)

• !Report Abuse
View all 2 replies
O. Young Kwon: Click: http://seekingalpha.com/p/p9e3 For "The Daily TANER Momentum" <c>
11/24/12
• !Report Abuse
O. Young Kwon: (The numbers are terms in months.) For The TANER System and its four Models, read my article. Link:http://seekingalpha.com/a/hitr yk
11/24/12
• !Report Abuse
Add a reply...

140 characters

Dr. Kris
Ugly day for Treasury bond funds: Breaking support levels are $TLT, $TLO, $TLH, $IPE, $TIP, $IEF, $ITE.
8/15/12
Reply (1)

• !Report Abuse
View all 1 replies
neobliviscar: I had the top figured for 4th quarter. Looks like I was wrong for now. But then everyone was calling a top in March.
8/15/12
• !Report Abuse
Add a reply...

140 characters

IPE SPDR Barclays Capital TIPS ETF

IPE

SPDR Barclays Capital TIPS ETF