Well, if the FOMC won’t budge, maybe the market will for them

Well, if the FOMC won’t change their view on inflation and interest rates,=
maybe the market will do it for them, albeit in fits and starts. Post FOM=
C statement, treasuries have sold off their highs sending the 10 yr note=
yield back to 3.6% (a close here would be the highest since August ’09)=
and the implied inflation rate in the 5 yr TIPS is jumping 7 bps to 2.05%=
, the highest since August 2008. Looking 10 yrs out, the implied rate is=
2.30%, up 2 bps on the day and also at the highest level since August 200=

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