7 days ago • Posted by William Ramstein
Falling 10-year breakeven rate suggesting a transitory inflation?
While oil closing above $70 grabbed the attention of many headlines, the most interesting move might just have been the drop in inflation expectations. The 10-year US breakeven rate fell by 3bps yesterday, the lowest point since April. This could be a sign markets are in phase with the view that the rise in inflation this year will be transitory.
Source: Macro Markets Daily