Inflation Watch April 2021: 5-Year TIPS Spread Levels Out, Indicating 2.5% Inflation Expectations, as 10-Year Continues Climb
Above are charts for the 5-Year and 10-Year breakeven inflation rate, commonly referred to as the TIPS spread, for the five years ending April 30, 2021. This is a calculation of the difference in the yields, i.e. the spread, between United States Treasury bonds and Treasury Inflation-Protected Securities (TIPS) of the same maturity. It is […]