INFLATION BREAKEVENS HAVE NOT COLLAPSED!
The 'tourist pushes back on some bad takes on inflation out there
Folks, I have seen a few bad takes out there when it comes to inflation breakevens, so I have written this post to help clear up what’s really happening in inflation markets.
Some market pundits have credited a portion of the stock market's recent rally to the “collapse in the 12-month inflation outlook.”
This tweet is a good example of a research house’…