TIPS Yields Hit Highest Levels Since 2008 as Investors Sell Off Long-Term Government Debt
- Rates on 10- and 30-year TIPS reached highest levels since late 2008 on Wednesday
- Investors aggressively sold off long-term government debt
- 30-year TIPS rate jumped to 2.576%, highest since early December 2008
- 10-year TIPS rate rose to 2.519%, highest since end of November 2008
- TIPS yields reflect views on government borrowing, economy, and inflation
