This May Be A Good Bet If You're Seeking Greater Yield

There is a new Inflation Protected Security being offered by Sallie Mae, the huge student-loan lender. These notes trade on the NYSE under the symbol OSM. They mature in twelve (12) years, and currently yield around 5.7% - which makes their yield higher than that of the popular TIPS (Treasury Inflation Protected Securities). And another attractive feature of OSM is that they pay dividends monthly in an amount that is tied to the Consumer Price Index. NOTE: TIPS pay interest semi-annually, and they don't pay an inflation adjustment until the bond is sold or matures.

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