TIPS’ principal and interest payments are benchmarked against the CPI. Still money has continued pouring into TIPS-focused funds, underpinned by the notion inflation could accelerate in a faster-growing economy under U.S. President Donald Trump and a Republican-controlled Congress. In the week ended April 12, TIP fund assets grew to $61.89 billion, down from $61.93 billion in the previous week but up from $56.83 billion at the end of 2016, according to Lipper, a unit of Thomson Reuters. The 10-year inflation breakeven rate, or the yield difference between 10-year Treasury Inflation Protected Securities and regular 10-year Treasury notes, was last at 1.89 percent, down 3 basis points from Thursday. It touched 1.88 percent earlier Monday, which was the lowest since Dec. 20, Tradeweb and Reuters data showed. U.S. financial markets were closed for the Good Friday holiday. The five-year TIPS breakeven rate fell over 5 basis points at 1.81 percent after touching 1.79 percent which was the lowest since Dec.
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Just like a Star Trek tricorder, only clunkier First, the $10 million Qualcomm Tricorder XPrize has been awarded for creating mobile devices that can non-invasively diagnose 13 medical conditionsand can be used by consumers without requiring professional help. Out of the 312 teams entered in the contest begun in 2012, based on accuracy and ease of use, Pennsylvanias Final Frontier Medical Devices won the $2.6 million first prize for DxtER (Dexter), which monitors contest-mandated vital signs and conditions such as anemia, atrial fibrillation, blood pressure, chronic obstructive pulmonary disease, diabetes, heart rate, leukocytosis, otitis media, pneumonia, oxygen saturation, respiratory rate, sleep apnea, temperature, and urinary tract infections, as well as elective conditions such as hypertension, mononucleosis, and pertussis. The $1 million second place prize went to Dynamical Biomarkers Group out of Taiwan, which diagnoses the 10 core conditions as well as hypertension, melanoma and shingles. (Both teams had previously been awarded $1 million prizes for qualifying as finalists.) Its not quite Star Trek-level technology, of course. The devices are clunkier and not as magic-based as the Star Trek version, Final Frontier leader Basil Harris told Fast Company . Sometimes it requires a blood or urine sample and makes use of medical questionnaires to help eliminate possible diagnoses. Apple chases the Holy Grail Its hard not to get excited by real-life tricorders, no matter how clunky. But CNBC reports that Apple has hired a team of more than 30 biomedical engineers to develop a noninvasive blood-sugar monitor to help those suffering from diabetes . Often referred to as the holy grail for diabetes treatment, these sensors were apparently envisioned by the late Steve Jobs. Reportedly, the super-secret projects goal is to accurately and continuously monitor glucose levels without piercing the skinperhaps by using optical sensors shining light through the skinand then make that information available on a remote device, such as an Apple Watch.
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