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US DATA: Surprise Confirmation Of 5-10Y Inflation Expectations at 3.1%

US DATA
  • 1Y: 2.7% (cons 2.7, prelim 2.7) after 2.8% in Aug to confirm a dip to its lowest since Dec 2020.
  • 5-10Y: 3.1% (cons 3.0, prelim 3.1) after 3.0% in Aug. It remains in the 2.9-3.1% range it’s mostly held since Aug-2021 although it was last finalized at 3.1% in May’23. (It had printed two 3.1 preliminary readings in May and June this year as well but they were revised lower).
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  • 1Y: 2.7% (cons 2.7, prelim 2.7) after 2.8% in Aug to confirm a dip to its lowest since Dec 2020.
  • 5-10Y: 3.1% (cons 3.0, prelim 3.1) after 3.0% in Aug. It remains in the 2.9-3.1% range it’s mostly held since Aug-2021 although it was last finalized at 3.1% in May’23. (It had printed two 3.1 preliminary readings in May and June this year as well but they were revised lower).