SPIP News and Press, SPDR® Portfolio TIPS ETF From 11/16/21

At the November FOMC meeting, the Fed officially announced that it would begin tapering its bond purchase program, starting in mid-November. When the Fed began tapering its QE3 program over the course of 2014, the coupon supply from the U.S. Treasury was stable, leading to an increase...

We had a blowout CPI print in the United States last week. Forward breakeven inflation rates have risen since the pandemic lows but are still not above the levels seen in the early 2010s. If people were really worried about inflation, they would be bidding up protection versus fai...

With the Q4 rebound on track and services picking up to offset some of the expected slowdown in goods spending and the announcement by Pfizer of an effective anti-viral for COVID, why did bonds rally? Why did interest rates fall so hard on Friday after the payroll report? Some said th...

For the five year five year forward inflation expectations inferred from market rates, there was a 27 bps jump going from 9/23 to 10/15, before retracing back to prior levels at end-October (and subsequently rising again). Kim, Walsh and Wei compare their implied expected inflation ra...

A strengthening greenback is consistent with previous Fed tapering episodes as shrinking Q.E. injections mean fewer dollars swirling around the globe. A rising dollar makes these critical imports more expensive for other countries, suppressing demand while producers ramp supply. A...

Central bank policy makers appear to have a higher tolerance for inflation than in previous cycles, even more so because of QE. It is worth adding a note of caution when looking at breakevens. There is a massive mismatch between the supply of inflation linked bonds and the demand for ...

The recent run higher in the Sharpe ratio for the Global Market Index finally reversed in October. Risk-adjusted performance has slipped, but GMI's rebound in October lifted it to a new record high. GMI is useful as a baseline to begin research on asset allocation and portfolio de...

The long-run risk premium forecast for the Global Market Index (GMI) rebounded in October, edging up to 6.1%, based on revised numbers through last month. The new estimate is calculated in terms of the projected return over the “risk-free” rate, according to a risk-based...

US real estate investment trusts (REITs) and stocks posted the strongest returns for the major asset classes in October - by wide margins. US REITs surged 7.7% last month, reversing September’s sharp decline. The recovery puts American property shares in the lead for 2021 with ...

SPDR Portfolio TIPS ETF (NYSEARCA:SPIP) - $0.0356. 30-Day SEC Yield of -0.11% as of Oct. 28. Payable Sep 23; for shareholders of record Sep 21; ex-div Sep 20. For further details see: SPDR Portfolio TIPS ETF declares monthly distribution of $0.0356