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U.S. TIPS breakeven rates hold gains despite drop in import prices

Credit: REUTERS/MARCOS BRINDICCI

The U.S. bond market's gauges of investors' inflation views remained higher on Thursday even as prices on goods and services imported into the United States posted a 0.3% fall in May, the steepest monthly decline in five months. [nLNSDHEF5E]

NEW YORK, June 13 (Reuters) - The U.S. bond market's gauges of investors' inflation views remained higher on Thursday even as prices on goods and services imported into the United States posted a 0.3% fall in May, the steepest monthly decline in five months.

At 8:38 a.m. (1228 GMT), the yield spread between 10-year Treasury Inflation Protected Securities and regular 10-year Treasuries was 1.740%, up 0.65 basis point from Wednesday, according to Tradeweb data. It has rebounded from 1.692%, its lowest level since early January reached Wednesday. US10YTIP=TWEB, US10YTIP=RR

(Reporting by Richard Leong Editing by Chizu Nomiyama)

((richard.leong@thomsonreuters.com; +1 646 223 6313; Reuters Messaging: richard.leong.thomsonreuters.com@thomsonreuters.net; Twitter @RichardLeong2))

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