What do you mean by the following statement? "I would also point to the breakeven level on TIPS. I follow the breakeven on the 10 year TIP with great interest. As I write this that spread is trading at 239 basis points. That is about mid range of the broad 220 /260 range which has prevailed for several years. So there is danger signal there."
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What do you mean by the following statement?
Jul 23 21:31 pm
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All Comments by Yiani »Bond Expert: Wednesday Outlook [View article]
"I would also point to the breakeven level on TIPS. I follow the breakeven on the 10 year TIP with great interest. As I write this that spread is trading at 239 basis points. That is about mid range of the broad 220 /260 range which has prevailed for several years. So there is danger signal there."
I hold TIPS. Should I sell?