Salient to Investors:
Dan Mulholland at BNY Mellon sees Fed policies as inflationary, resulting in the long end of the curve losing sponsorship.
The yield gap between 10-year notes and TIPS – called the 10-year break-even rate – increased to as high as 2.54 percent, the highest since May 2011 and versus an average of 2.16 percentage points over the past decade.
Read the full article at http://www.bloomberg.com/news/2012-09-14/treasury-inflation-indicators-surge-on-fed-bond-buying.html