MARKET DAILY

Market 03/21: Macroeconomic indicators up, soft landing prospects improve

Summary of Powell's press conference after FOMC. Existing home sales unexpectedly surge in February. Reddit officially lists.

FYI: The principal amount when buying TIPS (principle) will be adjusted upward if inflation and downward if deflation.

TIPS interest rate remains fixed but coupon payments will be adjusted according to inflation conditions

10Y TIPS auctioned only once every 3 months, most demand from foreign investors.

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