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5- & 10-Year Breakevens Just Off Recent Closing Highs Into Fed

US TSYS/TIPS

U.S. 5- & 10-Year breakeven rates sit just off multi-week/month closing highs pre-FOMC, after the recent uptick in crude oil futures helped the measures higher. The failure of WTI futures to break the $80/bbl mark has probably been the limiting factor for breakevens at current levels.


Fig. 1: U.S. 5- & 10-Year Breakevens (%)

Source: MNI - Market News/Bloomberg

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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