20-Sep-2024
No press releases found.
US states expecting slower growth in wake of Fed cut, Fitch says
Seeking Alpha News (Thu, 19-Sep 5:50 PM ET)
Gundlach says the Fed still a bit behind the curve after large 50bp rate cut
Seeking Alpha News (Wed, 18-Sep 6:39 PM ET)
Treasury yields inch up in response to the Fed’s 50bp rate cut decision
Seeking Alpha News (Wed, 18-Sep 4:22 PM ET)
Size of anticipated Fed rate cut to influence level of move in U.S. Treasury yields
Seeking Alpha News (Tue, 17-Sep 12:19 PM ET)
Benzinga (Tue, 17-Sep 2:35 AM ET)
Democratic Senators send letter to Powell advocating for a 75-basis point rate cut
Seeking Alpha News (Mon, 16-Sep 2:07 PM ET)
Standard Chartered warns against a 50-basis point FOMC rate cut
Seeking Alpha News (Mon, 16-Sep 8:52 AM ET)
The Fund seeks to track the investment results of the ICE U.S. Treasury Inflation Linked Bond Index (the "Underlying Index"), which tracks the performance of inflation-protected public obligations of the U.S. Treasury, commonly known as "TIPS," that have a remaining maturity of more than one year. TIPS are securities issued by the U.S. Treasury that are designed to provide inflation protection to investors. TIPS are income generating instruments whose interest and principal payments are adjusted for inflation a sustained increase in prices that erodes the purchasing power of money.
iShares Tips Bond ETF trades on the ARCA stock market under the symbol TIP.
As of September 20, 2024, TIP stock price declined to $110.55 with 1,069,964 million shares trading.
TIP has a beta of 0.15, meaning it tends to be less sensitive to market movements. TIP has a correlation of 0.14 to the broad based SPY ETF.
TIP has a market cap of $18.35 billion. This is considered a Large Cap stock.
In the last 3 years, TIP stock traded as high as $131.37 and as low as $101.74.
TIP has underperformed the market in the last year with a price return of +8.1% while the SPY ETF gained +29.5%. TIP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +3.7% and +1.0%, respectively, while the SPY returned +3.9% and +3.4%, respectively.
TIP support price is $110.40 and resistance is $111.00 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that TIP stock will trade within this expected range on the day.