Chuckanut
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I got the following from Swedroe's column.
For example, from their first issuance in April 1997 through December 2011, the quarterly correlation of TIPS to inflation was +0.21.
Consider the correlation of Treasuries:
- For one-year Treasuries, the correlation was -0.18
- For five-year Treasuries, it was -0.37
- For 20-year Treasuries, it was -0.42
Can anybodyh explain in plain english how to interpret these correlation numbers?
For example, from their first issuance in April 1997 through December 2011, the quarterly correlation of TIPS to inflation was +0.21.
Consider the correlation of Treasuries:
- For one-year Treasuries, the correlation was -0.18
- For five-year Treasuries, it was -0.37
- For 20-year Treasuries, it was -0.42
Can anybodyh explain in plain english how to interpret these correlation numbers?