What to Know About Inflation-Protected Bonds

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By John Waggoner From Kiplinger’s Personal Finance

Inflation is the monster in the closet for many investors, and that’s why Treasury inflation-protected securities (TIPS) are objects of great interest lately. The government-guaranteed bonds are designed to beat inflation year after year, so they provide a measure of portfolio protection against rising prices—but they are no panacea, and they take some figuring out.