10-year U.S. breakeven rate trades near record high above 3%, Tradeweb says

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The 10-year breakeven rate, a gauge of where investors see annual inflation rates over the next decade, is hovering around 3.03% on Friday, close to a record high, based on Tradeweb data since 2003. The rate closed above 3% for the first time on Thursday, when Federal Reserve Chairman Jerome Powell affirmed that a half-point rate hike is on the table for May. Another measure, known as the 5-year inflation swap 5-years forward, also climbed to its highest since 2014. The rise in inflation expectations is occurring despite the Fed’s hawkish pivot.

This article was originally published by Marketwatch.com. Read the original article here.

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