AIT Seems On Target
January 21, 2021 at 04:49 AM EST
Based on the Fed's AIT policy inflation should average 2% during the 2020s. As of today, we see the following TIPS spreads, which are a crude proxy of bond market inflation forecasts: 5 years: 2.20%, 10 years: 2.14%, 30 years: 2.14%.