Inflation expectations now above pre-Pandemic levels

Peter Boockvar‘s chart and comment: We seem to now be playing a dance with that magic 1% level in the 10 yr that only has relevance because it’s a round number. That said, I expect it to be breached soon. As for inflation expectations, they continue higher as the 10 yr breakeven is up another 1 bp to 1.91%, the highest since May 2019 and getting ever closer to that other magic number, made up by the Fed, of 2%. To...

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source https://thereformedbroker.com/2020/12/09/inflation-expectations-now-above-pre-pandemic-levels/