Sunday, March 02, 2008

10-Year TIPS Spread Long-Term Graph


(click on image to enlarge)

BOTTOM LINE: The 10-year TIPS spread, a good gauge of inflation expectations, is currently 2.44%. Despite the recent parabolic move in the CRB Index, inflation expectations have remained well within the range of the last couple of years and below levels seen during 2004-2006.

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