Averages of business days. Yield to maturity on accrued principal.
Treasury Inflation-Protected Securities, or TIPS, are securities whose principal is tied to the Consumer Price Index (CPI) . The principal increases with inflation and decreases with deflation. When the security matures, the U.S. Treasury pays the original or adjusted principal, whichever is greater.
Copyright, 2016, Haver Analytics. Reprinted with permission. Calculated from data provided by the Wall Street Journal.
Source: Haver Analytics
Haver Analytics, 30-Year 3-5/8% Treasury Inflation-Indexed Bond, Due 4/15/2028© [WTP30A28], retrieved from FRED, Federal Reserve Bank of St. Louis https://research.stlouisfed.org/fred2/series/WTP30A28, May 28, 2016.