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Real Yield Monitor At Highest Since ’19 On Higher For Longer Fedspeak

US TSYS/TIPS

The combination of the pullback from the cycle highs observed in breakevens earlier this year and the adoption of the higher for longer mantra in recent rounds of Fed rhetoric has allowed our weighted U.S. real yield monitor move to the highest level observed since early ’19 ahead of Tuesday’s CPI release. Monday’s soft Tsy auction results would have provided a boost for the measure in intra-day terms.


Fig. 1: MNI Weighted U.S. Real Yield Monitor (%)

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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