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Q: Ratio of TIPS to Standard US T-Bills outstanding ( Answered 5 out of 5 stars,   0 Comments )
Question  
Subject: Ratio of TIPS to Standard US T-Bills outstanding
Category: Business and Money > Finance
Asked by: mcrose68-ga
List Price: $5.00
Posted: 17 Mar 2005 10:10 PST
Expires: 16 Apr 2005 11:10 PDT
Question ID: 496208
Find the number/value of Treasury Inflation Protected Securities
(TIPS), and plan old US T-Bills currently outstanding, and the ration
of TIPS to plain T-Bills selling each year.
Preferabley the resource is ustreas.gov, or other "primary source"
Answer  
Subject: Re: Ratio of TIPS to Standard US T-Bills outstanding
Answered By: websearcher-ga on 17 Mar 2005 11:03 PST
Rated:5 out of 5 stars
 
Hi mcross68:

I restricted my searches to the US Treasury site and was able to come
up with the information you requested.

The lastest break down of outstanding public debt broken down by
security type is from Feb. 28, 2005 and can be found at:

TABLE I -- SUMMARY OF TREASURY SECURITIES OUTSTANDING, FEBRUARY 28, 2005 
URL: http://www.publicdebt.treas.gov/opd/opds022005.htm

This table shows that the total outstanding figures are:

"Bills" (T-Bills): 1,030,859,000,000
"TIPS"           :   266,349,000,000

Doing a simple calculation shows that the current ratio of outstanding
TIPS to T-Bills is approximately:

1 : 3.87

As for finding the historical ratios of TIPS to T-Bills, the following
table is provided with quarterly percentages of issuance:

URL: http://www.treas.gov/offices/domestic-finance/debt-management/qrc/2005/2005-q1-chart-data.pdf

Scroll down to pages 13 - 14, and you'll see a table listing the
percentages of issuances. You can calculate ratios from the values in
the Bills and TIPS columns. (You would probably want to start
calculating in 1997, the year TIPS were introduced.

Search Strategy (on Google):
* tips outstanding site:ustreas.gov
* tips 2003 2002 2001 site:ustreas.gov

I hope this helps. 

websearcher
mcrose68-ga rated this answer:5 out of 5 stars
clear, concise and containing the info I asked for. thank you.

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