June 20, 2017 / 12:41 PM / in 5 months

U.S. TIPS breakeven rates fall with oil futures

NEW YORK, June 20 (Reuters) - The U.S. bond market’s gauges on inflation expectations fell in step with weaker oil futures, hitting their lowest levels seen since before the U.S. presidential election last November, where Donald Trump beat Democratic rival Hillary Clinton.

At 8:27 a.m. (1227 GMT), the 10-year inflation breakeven rate, or the yield difference between 10-year TIPS and regular 10-year Treasury notes, was 1.67 percent, down 2 basis points from late Monday. This was the lowest level for the 10-year breakeven rate since Nov. 7, according to Tradeweb and Reuters data. (Reporting by Richard Leong; Editing by Chizu Nomiyama)

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