These U.S.-government issued bonds are issued by the Treasury and they are sellable in the "after" market. Designed in terms of 5, 10 and 20 years, their interest rate is determined at auction, and they are sold in increments of $1,000.
The principal is adjusted along with the Consumer Price Index (CPI). If the CPI falls, so does the principal, and vice versa, reports Steven Halpern for Blogging Stocks.
For full disclosure, some of Tom Lydon’s clients own shares of TIP.
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