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QE2 not just another QE1

Following the Fed’s announcement of QE2 and the recent auction of 5-year TIPS  that resulted in the first-ever negative yield issuance (-0.55%), AQR has updated its recent research series on inflation. This paper addresses the events which resulted in the first-ever negative yield TIPS issuance, discusses the future impact of government actions, and comments on the implication for institutional investors.

QE2 Not Just Another QE1

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