Inflation-Proof Bonds Will Soon Make Debut

Tue., Dec. 31, 1996

Compiled From Wire Services

The government will sell its first securities designed to protect investors against inflation on Jan. 29, the U.S. Department of Treasury announced Monday.

The 10-year notes will be auctioned quarterly in denominations of $1,000 with a maturity of 10 years. Since they will be indexed to the government’s Consumer Price Index, their value will increase as prices rise.

The securities will be available through brokers and directly through the Treasury. The initial amount to be sold will be announced Jan. 21.

Similar inflation-indexed bonds are popular in Britain, where they make up 15 percent of the government securities market.

The bonds will pay interest twice a year, pegged to the inflation-adjusted value of the principal.

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Inflation-Proof Bonds Will Soon Make Debut

Jesse Tinsley

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