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A Tips Scorecard: Are They Accomplishing Their Objectives?

Posted: 16 Oct 2010  

Michelle L. Barnes

Federal Reserve Bank of Boston

Zvi Bodie

Boston University - Department of Finance & Economics

Robert K. Triest

Federal Reserve Bank of Boston - Research Department; Boston College

J. Christina Wang

Federal Reserve Bank of Boston

Date Written: October 14, 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

Suggested Citation

Barnes, Michelle L. and Bodie, Zvi and Triest, Robert K. and Wang, J. Christina, A Tips Scorecard: Are They Accomplishing Their Objectives? (October 14, 2010). Financial Analysts Journal, Vol. 66, No. 5, 2010. Available at SSRN: https://ssrn.com/abstract=1692280

Michelle L. Barnes (Contact Author)

Federal Reserve Bank of Boston ( email )

600 Atlantic Avenue
Boston, MA 02210
United States

Zvi Bodie

Boston University - Department of Finance & Economics ( email )

United States

HOME PAGE: http://www.zvibodie.com

Robert Triest

Federal Reserve Bank of Boston - Research Department ( email )

600 Atlantic Avenue
Boston, MA 02210
United States
617-973-3431 (Phone)
617-973-3957 (Fax)

Boston College ( email )

Chestnut Hill, MA 02167
United States

J. Christina Wang

Federal Reserve Bank of Boston ( email )

600 Atlantic Avenue
Boston, MA 02210
United States

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