VTIP: Real Yields Rise From The ZIRP Ashes (NASDAQ:VTIP) seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
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NEW YORK (Reuters) - U.S. inflation expectations rose on Wednesday in anticipation of more fiscal stimulus after Democrats secured control of the Senate.
With control over both legislative houses now secured, Democrats have more power to advance President-elect Joe Biden’s agenda.
New York Senator Chuck Schumer on Wednesday said sending most Americans $2,000 checks would be a top priority in the new Congress. Still, with the Senate divided down the middle, compromise with Republicans and rightward-leaning Democrats will be necessary for Biden to make substantial changes.
The breakeven inflation rate on the 10-year Treasury Inflation Protection Security (TIPS) - which is typically in line with market expectations of inflation - rose to an intra-day high of 2.092%.