Hi Donarito,

I should mention that the Fed price has dropped somewhat since we launched. In other words, it is currently lower in comparison to Tips if you were to swap at 50:1

So if you do want to move from Tips to Fed, you will actually end up with more if you just sell the Tips and then buy Fed with the proceeds. I stress that we never recommend buying or selling and we do not provide financial advice. Just pointing out the numbers.

Fed development remains very active, we just have limited visibility and market exposure at present

Cheers!