Investors worried about rising prices for everything from consumer goods to raw materials have poured into inflation-protected American government debt, propelling its returns above other major types of US bonds this year.
While anxieties over a burst of inflation have buffeted the $22tn Treasury market — resulting in big losses during the first quarter before a partial rebound — Treasury inflation-protected securities, known as Tips, have been a winning bet.
Tips, which are government bonds that compensate investors for rising prices, have generated returns including interest payments of 3.9 per cent in 2021, according to a Barclays index that tracks the Tips market.
您已閱讀22%（674字），剩余78%（2354字）包含更多重要信息，訂閱以繼續(xù)探索完整內(nèi)容，并享受更多專屬服務(wù)。