As of yesterday COB:
Determine 1: Ten yr breakeven (blue), 5 yr breakeven (pink), in %. Supply: Treasury by way of FRED.
Determine 2: 10yr-2yr Treasury time period unfold (blue, left scale), ten yr TIPS yield (pink, proper scale), in %. Supply: Treasury by way of FRED.
Inflation expectations (at the least a proxy) are up, as anticipated. Nonetheless, time period spreads are comparatively unchanged from earlier than the election. In an earlier time, I’d’ve thought this was indicating not a lot change in perceived development fee of GDP, however no longer so positive.
