US TIPS breakeven rates hold steady after productivity data

NEW YORK: The US bond market's gauges of inflation expectations held steady on Thursday as the fastest quarterly rise in worker productivity in three years offset a pickup in wage growth in the third quarter.

At 8:53 a.m. (1253 GMT), the 10-year inflation breakeven rate, or the yield difference between 10-year TIPS and regular 10-year Treasury notes, was 1.89 percent, up 0.3 basis point from late on Wednesday, according to Tradeweb.