This yield is miles higher than the 1.4% average going back to 2004, when 30-year TIPS were first introduced. This means the price of a newly issued 30-year TIPS bond is now running 46 percent below its average price and 66 percent below its highest price. In fact, these payments comprise 53.7% of the 30-year TIPS value. Yes, there is some weak evidence for mean reversion in the stock market data — high (low) stock returns arising, more often than not, after low (high) stock returns. Whether you go whole hog and walk away entirely from risky assets is, of course, your call.

Source: New York Times December 29, 2025 01:10 UTC