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U.S. TIPS breakeven rates turn lower after auction
August 24, 2017 / 5:28 PM / 4 months ago

U.S. TIPS breakeven rates turn lower after auction

NEW YORK, Aug 24 (Reuters) - The U.S. bond market’s gauges of inflation expectations turned lower on Thursday following somewhat soft results at a $14 billion auction of five-year Treasury Inflation Protected Securities.

At 1:21 p.m. (1721 GMT), the five-year inflation breakeven rate, or the yield difference between five-year Treasury Inflation Protected Securities and regular five-year Treasury notes, was 1.63 percent, 0.4 basis point lower from late Wednesday. The five-year breakeven rate was 0.4 basis point higher shortly before the auction results, Tradeweb data showed. (Reporting by Richard Leong; Editing by James Dalgleish)

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