TIPS — that is, 10-year U.S inflation-protected Treasury bonds — have gained 60 basis points this year already
The current shift higher has been driven by real yields — that is nominal yields minus inflation — because there is a fundamental rethink of how high the price gains will be in the next few years.
TIPS — that is, 10-year U.S inflation-protected Treasury bonds — have gained 60 basis points this year already.
This shows that the market believes central banks have come around too late to control inflation.
Marcus Ashworth Bloomberg 10 February 2022
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