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iShares Barclays TIPS Bond ETF

5/25/2013, 10:13 PM ET

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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]
Wednesday, May 1, 2:54 PM iShares Barclays TIPS Bond ETF (TIP) announces monthly distribution of $0.3111. 30-day SEC yield of 7.84% (as of 4/30/2013). For shareholders of record May 03. Payable May 07. Ex-div date May 01. 2 Comments [Dividends]
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]
Monday, April 1, 5:01 PM iShares Barclays TIPS Bond ETF (TIP) announces monthly distribution of $0.080. 30-day SEC yield of 1.78% (as of 3/28/2013). For shareholders of record Apr. 03. Payable Apr. 05. Ex-div date Apr. 01. Comment! [Dividends]
Tuesday, March 12, 12:47 PM "QE has successfully turned the bond vigilantes into bond zombies," writes Mike Riddell. With central banks having an unlimited bid in fixed income, the discipline enforcers turn instead to currency markets and index-linkers (TIP), and the world's worst-performing currencies this year are the yen (FXY) and the pound (FXB) as the stimulus efforts of the BOJ and BOE trump that of the Fed. Comment! [Global & FX]
Friday, March 8, 3:08 AM The Fed is considering abandoning its plan to eventually sell the trillions of dollars of bonds it's bought and just let them mature instead. The move would prevent the disruption of markets that might come with big sales, and it would prevent any losses if and when interest rates rise, not to mention any subsequent criticism from Capitol Hill. There might be some economic benefits too. 8 Comments [U.S. Economy]
Monday, February 25, 9:40 AM Global inflation expectations continue to ratchet higher, with the spread between inflation-linked and government bonds rising to 1.7%, according to BAML. In the U.S., the break-even rate - the rate inflation would need to hit for TIPS (TIP) to be a better investment than Treasurys - has risen to 2.53% today from 2.24% before September's QE announcement. Comment! [U.S. Economy]
Wednesday, February 6, 7:43 AM iShares Barclays TIPS Bond (TIP) saw net outflows of $471.4M Monday, equivalent to 2.1% of the fund's $22.1B AUM. TIP has a current 30-day SEC yield of -4.59% as the yield on Treasury bonds has remained below the rate of expected inflation since late 2010. 1 Comment
Thursday, January 31, 9:10 AM Credit in the U.S. ($56T and counting) is a supernova star, says Bill Gross - its expansion produces less and less heat and ultimately causes the star to consume itself. In the 1980's, it took $4 of new credit to create another $1 of GDP; over the last decade it's taken $10, and since 2006, $20. The comparison ends there, says Gross, as inflation rather than implosion lies ahead. Shorten duration, buy TIPs, look offshore for positive real rates of return. 5 Comments [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]