U.S. TIPS breakeven rates hold steady after March CPI data

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04/11/2018 | 08:56 pm
NEW YORK (Reuters) - The U.S. bond market's gauges of inflation expectations held steady on Wednesday as domestic consumer prices fell for the first time in 10 months in March due to a drop in gasoline costs, but the trend of inflation accelerating remained intact.

At 8:38 a.m. (1238 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 2.09 percent, marginally higher than late Tuesday, Tradeweb data showed. <USBEI10Y=RR> <US10YTIP=TWEB> <US10YT=RR>

(Reporting by Richard Leong; Editing by Chizu Nomiyama)

Thomson Reuters 2018
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