“Make yourself a sheep and the wolves will eat you”
Benjamin Franklin

Inflation expectations at highest since 2019


Market expectations of inflation on Wednesday were headed higher on renewed hopes that Congress could pass a COVID-19 stimulus package, after yesterday reaching 18-month highs.

The 5-year, 10-year and 30-year breakeven inflation rates all closed on Tuesday at their highest since May 2019 and moved higher in trading on Wednesday. The 5-year breakeven was last at 1.756%, the 10-year at 1.850% and the 30-year at 1.972%.

Treasury Secretary Steven Mnuchin said President Donald Trump supported a coronavirus relief proposal put forth by Republican Majority Leader Mitch McConnell after he rejected on Tuesday a $908 billion bipartisan package. It is unclear whether the measure would have the votes to pass the Democratic-controlled House of Representatives.

(Reporting by Kate Duguid, Editing by Franklin Paul)

- Advertisement -

Add your comment(s)



Join Wolf Daily Today!
Get the most important breaking news, straight to your inbox. Sign up for FREE and begin receiving our members only exclusive daily newsletter.
Give it a try, you can unsubscribe anytime.
Don't Be Censored, Get our Newsletter