U.S. 10-Year TIPS Yields Go Negative for First Time After Fed

The fixed interest payment on Treasury 10-year Treasury Inflation-Protected Securities fell into negative territory for the first time on speculation the Federal Reserve officials promise to keep benchmark interest rates at record lows through mid-2013 will spark inflation.

The yield on The yield on 10-year TPS maturing in July 2021 maturing in July 2021 touched negative 0.015 percent, according to Barclays Plc pricing, after the Fed said economic growth is “considerably slower” and discussed a range of policy tools to bolster the economy today in Washington.