“Thursday’s auction of inflation-protected U.S. Treasuries could deliver the highest yield in more than a decade.”, — write: epravda.com.ua
Thursday’s auction of inflation-protected U.S. Treasuries could deliver the highest yield in more than a decade. Bloomberg writes about it. Although yields on Treasuries of all types are gradually rising and have not yet reached their peak in 2023, auctions record yields only once a month. In the case of the $20 billion auction of 10-year Treasury TIPS, that yield of about 2.25% was last exceeded in October 2008, during the financial crisis. and market pricing in the form of a long-term real premium due to concerns about the fiscal outlook,” – said Michael Pond, head of global inflation-linked market strategy at Barclays Capital Inc. “The economy is holding up well, despite higher rates.” The U.S. Federal Reserve’s steady reduction in its Treasury bond holdings is also a factor, he said.