Salient to Investors:

Priya Misra  at BofA Merrill Lynch says the spread between 5-year/5-year breakeven inflation expectations and 5-year/5-year real rates is her favorite chart for determining when the market expects the Fed to QE. The chart shows interest rate markets are pricing in an additional $200-300 billion of bond purchases.

Read the full article at  http://www.businessinsider.com/the-spread-that-predicts-the-end-of-qe-2013-7

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