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NEW YORK, April 20 (Reuters) - The U.S. bond market's gauges on inflation expectations on Thursday extended their earlier rise following a solid auction of $16 billion worth of five-year Treasury Inflation Protected Securities (TIPS).
The five-year inflation breakeven rate, or the yield difference between five-year TIPS and regular five-year Treasury notes, was last at 1.80 percent. It touched 1.73 percent on Tuesday, which was the lowest since Dec. 20, Tradeweb and Reuters data showed. (Reporting by Richard Leong; Editing by Chris Reese)