Are U.S. Treasury Yields Likely to Increase in December?
Morgan Stanley is abandoning a prediction that U.S. break-even rates will fall as the outlook for prices in the world’s biggest economy surge to the highest levels in five months. The difference between yields on regular Treasuries and inflation-protected debt, a measure of the outlook for consumer prices known as the break-even rate, closed at the highest since May on Friday after Federal Reserve Chair Janet Yellen set out an argument for keeping policy accommodative. BNP Paribas Senior Investment Strategist Daniel Morris discusses with Nejra Cehic and Manus Cranny on "Bloomberg Daybreak: Europe."
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Full Show: Bloomberg Daybreak: Americas (09/20)
25:29 - Bloomberg Daybreak: Americas hosted by David Westin, Jonathan Ferro, and Alix Steel. Guests include Stephen Ross, chairman at Related Companies, John Ryding, chief economist at RDQ Economics, and James Sweeney, chief economist at Credit Suisse AG. (Source: Bloomberg)