The plot shows not only a remarkable consistency in inflation expectations but the dramatic flight to liquidity during the 2008 crisis.
Tuesday, May 14, 2013
TIPS Yield Spreads
Below, Corrections depicts different Treasury-TIPS yield spreads. The plots take the yield of a regular treasury security of maturity X and subtracting the yield of an inflation-indexed treasury security of maturity X (click to enlarge).
The plot shows not only a remarkable consistency in inflation expectations but the dramatic flight to liquidity during the 2008 crisis.
The plot shows not only a remarkable consistency in inflation expectations but the dramatic flight to liquidity during the 2008 crisis.
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