Re: Malkiel Defends Efficient Market Theory
Charlie, at Vanguard you can buy TIPS that mature on 1/15/2014, which is pretty close to the 11/2013 maturity date you mentioned. The YTM is 1.578% - their current offer yield. Their bid yield at the moment is 1.592%.
They charge an annual maintenance fee of $15 per brokerage account for Voyager clients (free for Flagship clients and $30 for others). There is an online *transaction fee of $0.75 per $1,000 face amount, but there is a 40 minimum fee and a $75 maximum fee.