The United States bond market’s assesses
on financiers’ inflation expectations pared their modest decline
on Wednesday as data on domestic manufacturer rates came stronger
than projection in May, revealing some cost growth beyond food
and energy sectors.
The yield differences between Treasury Inflation Protected
Securities and regular Treasuries, or inflation breakeven rates,
are seen as a proxy of financiers’ inflation expectations. The
10-year TIPS breakeven rate was 1.48 percent, little changed
from late Tuesday, according to Tradeweb information.
( Reporting by Richard Leong).