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A Tips Scorecard: Are They Accomplishing Their Objectives?Michelle L. BarnesFederal Reserve Bank of Boston Zvi BodieBoston University - Department of Finance & Economics Robert K. TriestFederal Reserve Bank of Boston - Research Department; Boston College J. Christina WangFederal Reserve Bank of Boston October 14, 2010 Financial Analysts Journal, Vol. 66, No. 5, 2010 Abstract: Treasury Inflation-Protected Securities were developed to provide (1) consumers with assets that permit hedging against real interest rate risk, (2) nominal contract holders a means of hedging against inflation risk, and (3) everyone with an indicator of the term structure of expected inflation. This article evaluates progress toward these objectives.
Keywords: Fixed Income, Fixed-Income Markets, Characteristics, Institutions, and Benchmarks, U.S. Treasury Securities Accepted Paper SeriesDate posted: October 16, 2010Suggested CitationContact Information
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