The rush to hedge inflation sparks a run on TIPS
Managers have been snapping up trades like TIPS as a cheap hedge against disruptive inflation in 2020
Jason Bloom last week asked an audience of about 150 advisers in the U.S. Midwest to raise their hands if they are worried about inflation. Not one hand went up.
"I almost sprinted back to my desk to buy TIPS," said the Invesco strategist based in the Chicago suburbs, referring to the common term f
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