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Podcast: FICC Focus
Episode: TIPS and Inflation-Linked Securities: Macro Matters
Description: “There is significant interest rate risk in TIPS in ETFs and Mutual Funds because they can’t necessarily get enough leverage to do a break-even trade,” Winshore Capital Partners Portfolio Manager Robert Tzucker tells Bloomberg Intelligence.In this Macro Matter’s edition of the FICC Focus Podcast, Chief US Interest Rate Strategist Ira Jersey is joined by Tzucker to discuss Treasury Inflation Protected Securities (TIPS) and other inflation linked instruments. Tzucker discusses how TIPS work, market liquidity and that he believes that TIPS are the market expectation of inflation, but the market sometimes gets it wrong. In the Fun...