January 12, 2018 / 1:45 PM / 5 months ago

U.S. TIPS breakeven rates add gains after U.S. Dec CPI data

NEW YORK, Jan 12 (Reuters) - The U.S. bond market’s gauges of inflation expectations extended their earlier rise on Friday as data on core consumer price inflation grew by a stronger-than-forecast 0.3 percent in December for its biggest monthly increase in 11 months.

At 8:38 a.m. (1338 GMT), the 10-year inflation breakeven rate, or the yield gap between 10-year Treasury Inflation Protected Securities and regular 10-year Treasury notes, was 2.05 percent, up 3 basis points from Thursday’s close and its highest level since March, Tradeweb and Reuters data showed. (Reporting by Richard Leong)

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