January 6, 2017 / 3:24 PM / 6 months ago

U.S. TIPS breakeven rates pare losses after wage data

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NEW YORK, Jan 6 (Reuters) - The U.S. bond market's gauges on inflation expectations pared losses on Friday as data showed a pickup in U.S. wage growth in December, supporting the notion domestic inflation would soon reach the Federal Reserve's 2 percent goal.

The 10-year inflation breakeven rate, or the yield difference between 10-year Treasury Inflation Protected Securities and regular 10-year Treasury notes, was last 1.98 percent, little changed from Thursday. It fell to session low of 1.96 percent earlier Friday, Tradeweb data showed. (Reporting by Richard Leong)

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