April 11, 2017 / 5:02 PM / 7 months ago

U.S. TIPS breakeven rates trim fall after report

NEW YORK, April 11 (Reuters) - The U.S. bond market’s gauges on inflation expectations on Tuesday scaled back further from their initial drop as oil prices turned positive following a Wall Street Journal article citing sources that Saudi Arabia wants OPEC to extend its current output cuts.

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 at 1.91 percent, down 2 basis points from Monday. It touched 1.90 percent earlier Tuesday, which was the lowest since Dec. 20, Tradeweb and Reuters data showed. (Reporting by Richard Leong)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below