- US Treasury Bills (T-Bills)326,044,000.0
- US Treasury Notes and Bonds (Notes/Bonds)3,998,176,018.3
- US Treasury Floating Rate Notes (FRNs)17,269,242.7
- US Treasury Inflation-Protected Securities (TIPS)*314,306,602.3
They hand back the inflation compensation to Treasury evidently.
Call me perplexed, the intent of bond insurance is to bet against high inflation on exit. The Fed is removing TiPs as a hedge, it is now artificial. No insurance company expects this to hold and they all expect to see sudden inflation on Fed exit, but have no way to measure it.
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