Buyers are willing to accept a negative interest rate on TIPS because the securities also pay the rate of inflation. 10-year Treasury note yields are also down today as the weak manufacturing reports out of Europe and China made US debt more desirable.
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Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
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