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U.S. TIPS breakeven rates hold steady after productivity data
November 2, 2017 / 12:54 PM / 23 days ago

U.S. TIPS breakeven rates hold steady after productivity data

NEW YORK, Nov 2 (Reuters) - The U.S. bond market’s gauges of inflation expectations held steady on Thursday as the fastest quarterly rise in worker productivity in three years offset a pickup in wage growth in the third quarter.

At 8:53 a.m. (1253 GMT), the 10-year inflation breakeven rate, or the yield difference between 10-year TIPS and regular 10-year Treasury notes, was 1.89 percent, up 0.3 basis point from late on Wednesday, according to Tradeweb. (Reporting by Richard Leong)

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