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Treasury Inflation Protected Securities ( TIPS ) are US Treasury Indexed Securities where All of the above expected inflation is implied by the spread to

Treasury Inflation Protected Securities (TIPS) are US Treasury Indexed Securities where
All of the above
expected inflation is implied by the spread to US Treasury Securities with the same maturity.
the interest and principal are adjusted for changes in the price level.
the changes in the price level are adjusted based on the Consumer Price Index.

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