TIPS to Bernanke: Drop Dead
The yield on Treasury Inflation-Protected Securities due in July 2012 is now negative. This means that investors are willing to take a negative real return in exchange for the (ahem) security of owning dollars.
This means that liquidity has dried up all over the world to such an extent that investors are willing to pay a huge “liquidity premium” (meaning, they can dump their TIPS almost whenever they want) that’s greater than the real return of the bond.
Posted by Eddy Elfenbein on March 10th, 2008 at 2:17 pm
The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.
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TSLA and MSFT both -4% AH
ATHs today for JPM, MS and BK
today's newsletter https://cws.substack.com/p/cws-market-review-january-28-2025
Nice earnings from Stryker. $4.01 vs 3.87 est.
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Eddy Elfenbein is a Washington, DC-based speaker, portfolio manager and editor of the blog Crossing Wall Street. His 