Markets

US 10-year TIPS breakeven rate rises after auction

Published March 19, 2015 Updated March 19, 2015 08:30pm

1 min

By Shoaib Ur Rehman

Add BRecorder as a trusted
source on Google

NEW YORK: The US bond market's gauge of inflation expectations in the next 10 years climbed to its strongest level in more than a week on Thursday following robust demand at $13 billion auction of 10-year Treasury Inflation-Protected Securities (TIPS).

In late afternoon trading, the yield spread between 10-year TIPS and regular 10-year Treasuries , or 10-year inflation breakeven rate, touched 1.83 percent before retreating to 1.80 percent, up nearly 6 basis points from late on Wednesday, according to Tradeweb.

Read Comments