iShares TIPS Bond ETF (NYSE: TIP ) Traditional Treasury and investment grade bond corporate bonds have recently risen to new highs on the back of a flight to safety caused by stock market volatility. Related Link: Treasury And Mortgage Bond ETFs Hit New Highs However, the breakout in bonds has not materialized in the same manner for the inflation protected securities contained in TIP. The release of the monthly Consumer Price Index ( CPI ) on Wednesday along with further interest rate fluctuations will play a key role in the price action of TIP moving forward.