I figure with the recent big sell offs of all these government bonds in the US and Japan, we run the risk of rising yields and inflation to follow. Would storing short term funds in TIPS (rather than cash) be the right thing to do, since they are also government-backed funds?
If I understand correctly, TIPS' main perk is that they help ride out inflation that happens *after* you purchase them, but do they benefit nearly as well as other government-backed bonds will from the falling bond price/rising yields?