{"id":264054,"date":"2024-11-07T19:37:36","date_gmt":"2024-11-07T19:37:36","guid":{"rendered":"https:\/\/michigandigitalnews.com\/index.php\/2024\/11\/07\/inflation-breakevens-term-spreads-up-pre-fomc\/"},"modified":"2025-06-25T17:10:35","modified_gmt":"2025-06-25T17:10:35","slug":"inflation-breakevens-term-spreads-up-pre-fomc","status":"publish","type":"post","link":"https:\/\/michigandigitalnews.com\/index.php\/2024\/11\/07\/inflation-breakevens-term-spreads-up-pre-fomc\/","title":{"rendered":"Inflation Breakevens, Term Spreads Up pre-FOMC"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div id=\"post-54561\">\n\t\t\t\t<!-- .entry-header --><\/p>\n<div class=\"entry-content\">\n<p>As of yesterday COB:<\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/brkeven_6nov24.png\"><img fetchpriority=\"high\" fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-54562\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/brkeven_6nov24.png\" alt=\"\" width=\"993\" height=\"576\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/brkeven_6nov24.png 993w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/brkeven_6nov24-300x174.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/brkeven_6nov24-768x445.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/brkeven_6nov24-624x362.png 624w\" sizes=\"(max-width: 993px) 100vw, 993px\"\/><\/a><\/p>\n<p><em><strong>Figure 1:<\/strong> Ten year breakeven (blue), five year breakeven (red), in %. Source: Treasury via FRED.<\/em><\/p>\n<p><a href=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/ts_10yrreal.png\"><img decoding=\"async\" class=\"alignnone size-full wp-image-54563\" src=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/ts_10yrreal.png\" alt=\"\" width=\"993\" height=\"576\" srcset=\"https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/ts_10yrreal.png 993w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/ts_10yrreal-300x174.png 300w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/ts_10yrreal-768x445.png 768w, https:\/\/econbrowser.com\/wp-content\/uploads\/2024\/11\/ts_10yrreal-624x362.png 624w\" sizes=\"(max-width: 993px) 100vw, 993px\"\/><\/a><\/p>\n<p><em><strong>Figure 2:<\/strong> 10yr-2yr Treasury term spread (blue, left scale), ten year TIPS yield (red, right scale), in %. Source: Treasury via FRED.<\/em><\/p>\n<p>Inflation expectations (at least a proxy) are up, as expected. However, term spreads are relatively unchanged from before the election. In an earlier time, I might\u2019ve thought this was indicating not much change in perceived growth rate of GDP, but now not so sure.<\/p>\n<p>\u00a0<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<footer class=\"entry-meta\">\n\t\t\tThis entry was posted on <a href=\"https:\/\/econbrowser.com\/archives\/2024\/11\/inflation-breakevens-term-spreads-up-pre-fomc\" title=\"10:41 am\" rel=\"bookmark\"><time class=\"entry-date\" datetime=\"2024-11-07T10:41:52-08:00\">November 7, 2024<\/time><\/a><span class=\"by-author\"> by <span class=\"author vcard\"><a class=\"url fn n\" href=\"https:\/\/econbrowser.com\/archives\/author\/menzie_chinn\" title=\"View all posts by Menzie Chinn\" rel=\"author\">Menzie Chinn<\/a><\/span><\/span>.\t\t\t\t\t\t\t\t<\/footer>\n<p><!-- .entry-meta -->\n\t<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/econbrowser.com\/archives\/2024\/11\/inflation-breakevens-term-spreads-up-pre-fomc\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] As of yesterday COB: Figure 1: Ten year breakeven (blue), five year breakeven (red), in %. Source: Treasury via FRED. Figure 2: 10yr-2yr Treasury<\/p>\n","protected":false},"author":1,"featured_media":264055,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[155],"tags":[],"_links":{"self":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/264054"}],"collection":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/comments?post=264054"}],"version-history":[{"count":0,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/posts\/264054\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media\/264055"}],"wp:attachment":[{"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/media?parent=264054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/categories?post=264054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/michigandigitalnews.com\/index.php\/wp-json\/wp\/v2\/tags?post=264054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}