- Prior high yield was +1.81%
- Prior auction of 10y TIPS stopped through by 2.2 bps
On-the-run 10s are trading at 4.27% today so do the math on expected inflation and term premium. This is on the softer side, perhaps reflecting some worries about the Fed leaning to the dovish side.
This article was written by Adam Button at www.forexlive.com.
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