The U.S. 10-year inflation breakeven rate rose mid-afternoon Thursday after relatively strong demand at a $13 billion auction of 10-year Treasury Inflation-Protected Securities.
This gauge of investors' long-term inflation expectations, as measured by the yield gap between 10-year TIPS and regular 10-year Treasury notes widened as much as 2 basis points to 1.86 percent after the 10-year TIPS auction.
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