With Treasury yields rising (and yields move inversely to prices) while some stronger economic numbers are posted, some market strategists are starting to like Treasury Inflation-Protected Securities (TIPS) over Treasuries.
Barron’s noted that TIPS were “Cheap and Contrarian” in a Feb. 6 Current Yield column. Since then, the benchmark-tracking iShares TIPS Bond (TIP), has climbed in price about $1 to $112.39 as of mid-day Wednesday.
Fiera Capital’s Chief Investment Officer Jonathan Lewis commented Wednesday:
Manning & Napier’s Marc Bushallow is also lately a fan. He wrote a primer on TIPS last week......MORE
No Inflation? Look At This (#3 will shock you)
"The Treasury Market Raises Its Inflation Outlook" (buy TIPS)
The Velocity of M1 Money Stock May Have Stopped Declining
A Look At The Consumer Inflation Numbers
You Want Inflation, "Why doesn’t the ECB just buy oil?"