Using VTIP as a cash reserve vs a MM fund or HYSA?

For those wanting to hold onto cash during the volatility, have you considered VTIPS? It had an attractive yield of >7% and appears to be stable in price. If yield goes down then the price of the fund will actually go back up as it follows the bond/interest inversion.

What are the pros and cons of using VTIPS to hold cash vs a money market fund, high yield savings account, or a CD? You would he making 3% more yield on VTIPs than the other cash holders.

Thanks for any insight.