what maturities do tips come in 
the original tips were set at 20 year maturities in 2009 20 year tips were discontinued in favor of 30 year tips the u s treasury currently issues five 10 and 30 year tips 7the bottom linetips are among the many types of debt securities offered by the u s treasury department you can think of them as treasuries with a twist their principal value is tied to inflation to protect investors when the cost of living rises however they are often misunderstood it s important to know that inflation protection comes at a cost as most of these securities carry lower interest rates than other similar government bonds also bear in mind that at the time of maturity bondholders are paid the inflation adjusted principal or original principal whichever is greater in other words there s protection in place for instances when there s lots of deflation another common misconception is that tips are guaranteed to do well when inflation is rising and function as a great short term hedge when the cost of living suddenly spikes as 2022 taught us tips are bonds at the end of the day and bond markets react badly to rising interest rates 