April 28, 2022 18:09 GMT
- In contrast to yesterday, inflation breakevens have been behind the rise in nominal yields whilst real yields dip modestly.
- The 10Y breakeven is up 7.5bps at 2.975%, back near recent highs having only been notably higher late last week when it touched a high of 3.08%.
- The 5Y5Y sees a similar move on the day to 2.52%.
10Y nominal yield (white), breakeven (yellow) and real yield (green) plus the 5Y5Y forward breakeven (pink)Source: Bloomberg