If the fears of not transient inflation and higher interest rates are an environment that’s has SCHP off 3.13% YTD, what might happen if inflation were to diminish and rates were flat? Is the decline related to the portfolio duration of 7.70 and the price is reacting as any other bond fund to higher rates? Again,,,, how would a TIPS fund respond if rates were to go down? By comparison,,,IEF,,,,, a 7-10 year Treasury fund with a duration of 8.10 is off 2.61 YTD. I know that TIPS are currently expensive but I can’t figure out why they would be losing value now. Of course I know that 19 days is not meaningful but I feel stupid that I have a major position in something I clearly don’t understand at all. Any ideas? thanks in advance.