Markets
US TIPS breakeven rates hold gains after June CPI data
NEW YORK: The US bond market's gauges of investors' inflation outlook held at higher levels on Thursday as data show
NEW YORK: The US bond market's gauges of investors' inflation outlook held at higher levels on Thursday as data showed domestic consumer prices barely increased in June but underlying trend signaled steady buildup in price pressure.
At 8:42 a.m. (1242 GMT), the 10-year inflation breakeven rate, or the yield gap between 10-year Treasury Inflation Protected Securities and regular 10-year Treasury notes, was up 0.75 basis point at 2.13 percent, Reuters and Tradeweb data showed.
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