Don't Buy TIPS!
Posted: Fri Mar 13, 2020 4:55 pm
This notice appeared on Fidelity's Fixed Income page today:
"Due to the recent drop in interest rates, some Treasury Inflation-Protected Securities (TIPS) now have negative market yields. While active markets do exist for TIPS, pricing for these securities is not currently available on Fidelity.com. If you are interested in buying or selling TIPS and cannot locate an active market on Fidelity.com, please contact a Fixed Income Specialist at 800-544-5372."
"Due to the recent drop in interest rates, some Treasury Inflation-Protected Securities (TIPS) now have negative market yields. While active markets do exist for TIPS, pricing for these securities is not currently available on Fidelity.com. If you are interested in buying or selling TIPS and cannot locate an active market on Fidelity.com, please contact a Fixed Income Specialist at 800-544-5372."