Treasuries Inflation Gauge Exceeds 2% for First Time Since 2018
- Georgia Senate runoffs have implications for fiscal spending
- Move comes as 10-year real yield falls to record low -1.124%
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Traders see U.S. inflation averaging at least 2% per year over the coming decade, the first time expectations have climbed that high since 2018. The move came as real yields plumbed record lows.
The 10-year breakeven rate -- a measure that draws on pricing for inflation-linked Treasuries -- rose as high as 2.017% Monday, a level last seen more than two years ago, data compiled by Bloomberg show.