Is The “Real” Yield on the Nominal 10-Year Real?

The highest real (inflation-adjusted) yields in 15 years for Treasuries are boosting demand, Bloomberg reported at the end of last month. Halfway through August, there’s no reason to think otherwise. The 10-year’s yield hasn’t changed much in recent weeks, closing yesterday at roughly 3.59%. Meanwhile, inflation, as defined by the consumer price index, appears in […]

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