Reflation Trades Look to Revive Amid Global Commodities Fervor
- 10-year breakeven rate exceeds 2.4% as Fed decision looms
- Excess savings, broken supply chains spur pressures: Pictet
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The market’s reflationistas are getting a second wind, as a string of solid economic numbers and the prospect of more stimulus raise the chances of a revival in trades linked to rebounding growth and prices.
A gauge of U.S. inflation expectations climbed to an eight-year high Tuesday, the Bloomberg Commodity Spot Index reached its highest since 2012 and Treasury yields saw gains across the curve.