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US DATA: Consumer 5-10Y Inflation Expectations Tilt Above Range For Cycle Highs

US DATA
  • 5-10Y inflation expectations break out of the typical 2.9-3.1% in the final survey for November, which captures initial fallout from the US election results after the preliminary release only ran up to Nov 4 (final survey went to Nov 18).
  • The 5-10Y was revised up a tenth to 3.2% (initial 3.1), its highest since Nov 2023 and before that Mar 2011.
  • Countering this impact from a market reaction perspective was the softer than first thought increase in consumer sentiment, up from 70.5 to 71.8 rather than the 73.0 touted in the preliminary survey. 
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  • 5-10Y inflation expectations break out of the typical 2.9-3.1% in the final survey for November, which captures initial fallout from the US election results after the preliminary release only ran up to Nov 4 (final survey went to Nov 18).
  • The 5-10Y was revised up a tenth to 3.2% (initial 3.1), its highest since Nov 2023 and before that Mar 2011.
  • Countering this impact from a market reaction perspective was the softer than first thought increase in consumer sentiment, up from 70.5 to 71.8 rather than the 73.0 touted in the preliminary survey.