August 18, 2017 / 12:57 PM / 4 months ago

U.S. TIPS breakeven rates hit near 1-month low

NEW YORK, Aug 18 (Reuters) - The U.S. bond market’s gauges on inflation expectations fell to their lowest levels in nearly a month on fading expectations of fiscal stimulus from Washington due to doubts about U.S. President Donald Trump’s ability to enact his economic agenda.

At 8:48 a.m. (1248 GMT), the 10-year inflation breakeven rate, or the yield difference between 10-year Treasury Inflation Protected Securities and regular 10-year Treasury notes, was 1.77 percent, 1 basis point lower from late Thursday, Tradeweb data showed.

Reporting by Richard Leong; Editing by Chizu Nomiyama

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