zaparozhe

Where Are the TIPS Strips?

There are some TIPS with very low coupons - look at the April 2013. I think the coupon is like 5/8%. That's pretty close to a zero. It's a recent issue (therefore face can't go negative as with older bonds) and it trade with a similar YTM as the 5-yr straight treaury - no cost for the inflation insurance - go figure.