A closely watched bond market indicator is pointing to rising price pressures in the US, in anticipation of policies from president-elect Donald Trump that are seen as likely to fuel inflation.
So-called break-evens on US sovereign debt — a proxy for investors’ inflation expectations — have risen steadily in recent weeks, prompted by economic data pointing to stickier than expected price pressures and Trump’s rising electoral chances.
The two-year break-even — the gap between yields on Treasury bonds and inflation-linked bonds, showing the average inflation needed for them to provide the same return — has moved up by one percentage point since September to 2.6 per cent.
您已阅读24%（677字），剩余76%（2095字）包含更多重要信息，订阅以继续探索完整内容，并享受更多专属服务。