THE 10-YEAR TIPS WINNING RATE OF RETURN IN THE UNITED STATES HAS BEEN HIGH SINCE 2008

ON 24 JULY, THE UNITED STATES DEPARTMENT OF THE TREASURY ISSUED $21 BILLION IN A 10-YEAR INFLATION-FIXED BOND (TIPS) YIELD OF 2.438 PER CENT, UP FROM A HIGH OF 2.438 PER CENT SINCE 2008, ABOUT TWO BASIS POINTS HIGHER THAN THE MARKET FORECAST AT 1 P.M. OF NEW YORK TIME, INDICATING THAT DEMAND WAS BELOW EXPECTATIONS。