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5Y Real Yields Breach 2% For First Time Since 2008

US TSYS/TIPS
  • A string of strong US data in recent days has seen real yields surge today, with 5Y yields currently +14bp at 1.99% having just poked above 2% for the first time since 2008.
  • The data surprises started with Conference Board consumer confidence and new home sales on Tuesday before more notably today upward GDP revisions and a drop in initial claims, with a miss for pending home sales (a leading indicator for the larger existing category) doing little to dent the move.



5Y reall yieldsSource: Bloomberg

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