#finance #inflation #inflation-derivatives #inflation-derivatives-barcap
a positive NPV, and therefore the possibility of achieving a running pick-up to Libor. Figure 7: US TIPS asset swap spreads relative to nominal comparators -40 -35 -30 -25 -20 -15 -10 -5 0 Mar 04 May 04 Jul 04 Sep 04 Nov 04 Jan 05 TII 07 TII 08 TII 09 TII Jan10 TII 11 TII Jul12 TII 13 Source: Barclays Capital.
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