Monthly Archives: November 2016

10-Year TIPS Reopening Auctions With A Real Yield Of 0.369%

Summary The real yield was about 37 basis points higher than the early October trend. The inflation-breakeven rate of 1.90% was the highest since May 2015. TIPS are drawing attention as fears of future inflation rise. Today’s reopening auction of … Continue reading

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U.S. Inflation Rose 0.4% In October; Does That Lock In A Fed Rate Increase In December?

Summary While 0.4% looks high, core inflation remained in the moderate zone, just above 2.0% over the last 12 months. Energy costs, along with shelter costs, accounted for most of the October increase. There is nothing in today’s report that … Continue reading

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