Let’s take a look at some indicators that can come together to let us know when the next inflationary bout is in the offing.
The spread between 10yr and 2yr yields (the most commonly watched yield spread/curve) is still steepening on the short-term. Live chart available here.
Indeed, the Continuum is once again climbing above the key 2.2% level.*
TIP/TLT and TIP/IEF, commonly thought of as inflation expectations gauges, are bouncing but not yet on a trend change to inflationary. Daily chart… Continue reading "Inflation In The Offing?"