Inflation breakeven rates, which reflect market expectations of the inflation outlook, all jumped after the release of the August CPI data. The two-year breakeven rate rose to 2.43%, while the 5-year breakeven advanced to 2.60% and the 10-year rate was 2.44%, according to Bloomberg data. The jumps reflect the unexpected upside surprise of the August CPI, but were still less than the advances seen in nominal Treasury yields, which soared on Tuesday in anticipation of future Fed rate hikes, according to Ben Emons, managing director of global macro strategy at Medley Global Advisors in New York. The substantial rise in Treasury yields was led by the 1-year yield, while all three major U.S. stock indexes DJIA,
US 30 analysis: after reaching an all-time high, the index still has the potential for further growth
The US 30 stock index reached another all-time high and will likely be poised for further growth, supported by investor confidence in anticipated US Federal