Invest in Treasury inflation-protected securities
- U.S. Treasury to auction $15 billion in reopened 9-year 8-month TIPS
- Debt will settle on Nov. 30, 2023 and mature on July 15, 2033
- TIPS stands for Treasury inflation-protected securities
- Coupon set at 1.375%
- Federal Reserve holds $31.564 billion of maturing securities
- Noncompetitive tenders must be received by 12:00 PM Eastern Time Tuesday
- Competitive tenders must be received by 1:00 PM Eastern Time
The U.S. Treasury plans to auction $15 billion in reopened 9-year 8-month TIPS on Tuesday. These Treasury inflation-protected securities will settle on Nov. 30, 2023, and mature on July 15, 2033. TIPS are a type of investment that protects against inflation. The coupon for this debt is set at 1.375%. The Federal Reserve currently holds $31.564 billion of maturing securities. Noncompetitive tenders for the TIPS, available in minimum denominations of $100, must be received by 12:00 PM Eastern Time on Tuesday. Competitive tenders, also available in minimum denominations of $100, must be received by 1:00 PM Eastern Time. Don’t miss out on this opportunity to invest in Treasury inflation-protected securities!
Factuality Level: 10
Factuality Justification: The article provides factual information about the U.S. Treasury’s plan to auction $15 billion in reopened 9-year 8-month TIPS. It includes details such as the settlement and maturity dates, the coupon rate, and the minimum denominations for tenders. The information is sourced from the U.S. Treasury Department.
Noise Level: 3
Noise Justification: The article provides factual information about the U.S. Treasury’s plan to auction $15 billion in reopened 9-year 8-month TIPS. It includes details about the settlement date, maturity date, coupon rate, and the involvement of the Federal Reserve. The article stays on topic and does not dive into unrelated territories. However, it lacks analysis, insights, or any actionable information for the reader. It is a straightforward news report without any scientific rigor or intellectual honesty.
Financial Relevance: Yes
Financial Markets Impacted: The auction of $15 billion in reopened 9-year 8-month TIPS may impact the bond market and investors interested in Treasury inflation-protected securities.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to financial topics as it provides information about the U.S. Treasury’s plan to auction TIPS. However, there is no mention of an extreme event or its impact.
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