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Preliminary Barclays/Bbg Extension Estimates for US

MONTH-END EXTENSIONS

Forecast summary compared to the avg increase for prior year and the same time in 2020. TIPS 0.16Y; Govt inflation-linked, 0.17. Note broad decline in Govt/Credit and Intermediate credit from year ago levels, while MBS extension est surges.

Estimate1Y Avg IncrLast Year
US Tsys0.090.080.13
Agencies0.060.040.03
Credit0.070.10.2
Govt/Credit0.080.090.17
MBS0.250.060.05
Aggregate0.120.080.08
Long Gov/Cr0.050.090.06
Iterm Credit0.080.080.2
Interm Gov0.090.080.1
Interm Gov/Cr0.080.080.15
High Yield0.090.110.08

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