August 23, 2012 at 14:08 PM EDT
TIPS ETFs Rise After Bonds Sell at Record Negative Yield
The demand for Treasury Inflation Protected Securities is so strong that investors on Thursday snapped up 5-year bonds even though they have negative yields. The U.S. sold $14 billion of five-year TIPS at a record low auction yield of negative 1.286%, Bloomberg News reports. “It was strong any way...
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