Real (inflation-adjusted) yields have surged in recent weeks, raising the question of whether it’s timely to buy inflation-indexed Treasuries (a.k.a. TIPS)? Maybe, but before you dive in keep in mind that real Treasury yields a particular mix of opportunity and risk that contrasts with standard Treasuries. Accordingly, it’s crucial to pick the right tool based on what you’re looking to achieve (or avoid) at the right time.
Daily Archives: September 29, 2022
Macro Briefing: 29 September 2022
* More than 2.5 million Florida customers without power from Hurricane Ian
* Fed’s Bostic favors a fourth 75-basis-points rate hike in November
* Federal Reserve is exporting inflation to economies around the world
* Deficits are more threatening now that inflation has surged
* China’s new fiscal stimulus exceeds amount issued in 2020
* Eurozone economic sentiment continues its steep decline in September
* UK Prime Minister Liz Truss vows to press on with tax cuts despite blowback
* US pending home sales fell for a third straight month in August
* 3mo/10yr Treasury yield curve up for fourth day, rising to highest since July:
