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Schroder Investment Management (Europe) S.A. is the management company (the Management Company ) of Schroder Alternative Solutions ( Schroder AS ), Schroder International Selection Fund ( Schroder ISF ), Schroder GAIA, Schroder Special Situations Fund ( Schroder SSF ) and Schroder GAIA II (each a Company and collectively referred to as the Companies ).
The Companies are umbrella structured open-ended investment companies organised as société anonyme under the laws of the Grand Duchy of Luxembourg and qualify as “Société d Investissement a Capital Variable”. Schroder ISF, Schroder GAIA and Schroder SSF qualify as SICAVs under Part I of the law of 17 December 2010 relat
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Each day, Benzinga takes a look back at a notable market-related moment that happened on this date.
What Happened? On this day in 1997, the U.S. Treasury introduced the first Treasury Inflation-Protected Securities (TIPS).
Where Was The Market? The S&P 500 was trading at 772.50 and the Dow Jones Industrial Average was at 6740.74.
What Else Was Going On In The World? In 1997,
Apple Inc. (NASDAQ: AAPL) co-founder Steve Jobs returned to the company, and the Mars Pathfinder successfully landed on the surface of Mars. A pound of hamburger meat cost $1.38.
Bond Investors Get Inflation Hedge: After years of having to battle inflation when buying Treasury bonds, investors got their first crack at TIPS investing in 1997. While the coupon rates of TIPS are constant, the principals are adjusted based on the Consumer Price Index, a commonly used metric for measuring inflation.
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NEW YORK U.S. Treasury yields extended gains on Friday after data showed inflation perked up last month, while employment costs rose suggesting the world’s largest economy is on the mend from the devastating effects of the pandemic.
Next week’s U.S. non-farm payrolls report should provide more evidence about where the economy and interest rates are headed.
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Try refreshing your browser, or U.S. yields rise after inflation data, focus on jobs next week Back to video
“Ahead of the NFP, we are biased toward an extension of the process of consolidation,” said BMO Capital in a research note. “With a period of consolidation as the path of least resistance, we’d skew the risks in favor of a retest of 99.4 basis points in 10s before another attempt to breach the upper bound of 1.186%.”