May 18, 2017 / 1:14 PM / 7 months ago

U.S. TIPS breakeven rates fall to November lows

NEW YORK, May 18 (Reuters) - The U.S. bond market’s gauges on inflation expectations on Thursday fell to their lowest levels since November as more traders exited earlier bets on a pickup in price growth and ahead of an $11 billion auction of 10-year Treasury Inflation Protected Securities.

The 10-year inflation breakeven rate, or the yield difference between 10-year TIPS and regular 10-year Treasury notes, decreased to 1.78 percent, the lowest since Nov. 10 and down over 1 basis point from late on Wednesday, Tradeweb and Reuters data showed. (Reporting by Richard Leong Editing by W Simon)

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