As of yesterday COB:
Figure 1: Ten-year breakeven (blue), five-year breakeven (red), in %. Source: Treasury via FRED.
Figure 2: 10yr-2yr Treasury term spread (blue scale, left scale), ten-year TIPS yield (red, right scale), in %. Source: Treasury via FRED.
Inflation expectations (at least proxy) have risen, as expected. However, the prevalence of the word has not changed since before the election. Earlier, I might have thought that this did not indicate much of a change in the assumed growth rate of GDP, but now I am not so sure.
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