Investors now bracing for (some) inflation in the US

Livewire News

Livewire

Investors have purchased 72% of the Treasury Inflation Protected Securities (TIPS) auctioned by the Treasury Department this year, the greatest proportion since at least 2003. James Evans, a New York-based money manager at Brown Brothers Harriman & Co. says “We’ve been through the negative impact of oil and the Fed is still going to be very cautious about raising rates. The foundation is there for higher inflation.” Evans says he’s been buying the TIPS due in 5 to 10 years. Bloomberg says “He’s among a growing number who are embracing the inflation story. Trading in the securities as a percentage of total Treasuries volume reached an all-time high of about 2.75 percent this month, Fed data tracked by Barclays Plc shows.” (VIEW LINK)


Livewire News
Livewire News
Livewire

Livewire News brings you a wide range of financial insights with a focus on Global Macro, Fixed Income, Currencies and Commodities.

Expertise

No areas of expertise

I would like to

Only to be used for sending genuine email enquiries to the Contributor. Livewire Markets Pty Ltd reserves its right to take any legal or other appropriate action in relation to misuse of this service.

Personal Information Collection Statement
Your personal information will be passed to the Contributor and/or its authorised service provider to assist the Contributor to contact you about your investment enquiry. They are required not to use your information for any other purpose. Our privacy policy explains how we store personal information and how you may access, correct or complain about the handling of personal information.

Comments

Sign In or Join Free to comment