Just the TIPS
It seems like the weeks spend digesting the Jackson Hole Symposium turned out to be a real bummer. The Street pretty much decided to focus on the Fed's commitment to that 2% target inflation rate and could see plenty of hurdles we need to navigate to get there. Additionally, we also wanted to talk a little about Treasury Inflation-Protection Securities aka TIPS. It's kind of a foreign subject to some people in terms of how it works, so wanted to discuss how it fits in the world of floating rate bonds.
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