Skip to main content
SpringerLink
Log in

Treasury inflation-indexed securities

  • Reference work entry
Encyclopedia of Finance

  • 6321 Accesses

Abstract

In January 1997, the U.S. Treasury began to issue inflation-indexed securities (TIIS). The new Treasury security protects investors from inflation by linking the principal and coupon payments to the Consumer Price Index (CPI). This paper discusses the background of issuing TIIS and reviews their unique characteristics.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Log in via an institution
Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 329.00
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  1. Benninga, S. and Protopapadakis, A. (1983). “Nominal and real interest rates under uncertainty: The Fisher theorem and the term structure.” The Journal of Political Economy, 91(5):856–867.

    Article  Google Scholar 

  2. Chu, Q.C., Lee, C. F., and Pittman, D.N. (1995). “On the inflation risk premium.” Journal of Business, Finance, and Accounting, 22(6):881–892.

    Article  Google Scholar 

  3. Kaul, G. (1987). “Stock returns and inflation: The role of the monetary sector.” Journal of Financial Economics, 18(2): 253–276.

    Article  Google Scholar 

  4. Pennachi, G. G. (1991). “Identifying the dynamics of real interest rates and inflation: Evidence using survey data.” Review of Financial Studies, 4(1):53–86.

    Article  Google Scholar 

  5. Roll, R. (1996). “U.S. Treasury inflation-indexed bonds: The design of a new security.” The Journal of Fixed Income 6(3):9–28.

    Article  Google Scholar 

  6. Wilcox, D. W. (1998). “The introduction of indexed government debt in the United States.” The Journal of Economic Perspectives, 12(1):219–227.

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

  1. The University of Memphis, Memphis, USA

    Quentin C. Chu

  2. Rhodes College, Memphis, USA

    Deborah N. Pittman

Authors
  1. Quentin C. Chu
    View author publications

    You can also search for this author in PubMed Google Scholar

  2. Deborah N. Pittman
    View author publications

    You can also search for this author in PubMed Google Scholar

Editor information

Editors and Affiliations

  1. Rutgers University, New Brunswick/Piscataway, USA

    Cheng-Few Lee

  2. San Francisco State University, San Francisco, USA

    Alice C. Lee

Rights and permissions

Reprints and permissions

Copyright information

© 2006 Springer Science+Business Media, Inc.

About this entry

Cite this entry

Chu, Q.C., Pittman, D.N. (2006). Treasury inflation-indexed securities. In: Lee, CF., Lee, A.C. (eds) Encyclopedia of Finance. Springer, Boston, MA. https://doi.org/10.1007/978-0-387-26336-6_33

Download citation

  • DOI: https://doi.org/10.1007/978-0-387-26336-6_33

  • Publisher Name: Springer, Boston, MA

  • Print ISBN: 978-0-387-26284-0

  • Online ISBN: 978-0-387-26336-6

  • eBook Packages: Business and Economics

Publish with us

Policies and ethics

Search

Navigation