What market break-evens do and don’t tell you about inflation fears | The Economist

What market break-evens do and don't tell you about inflation fears

The closely watched gauges are too volatile to be a reliable guide

IF YOU HAD to pick an emblem of the wild ride that financial markets have been on, it would be Carnival. When the pandemic took hold, its cruise ships were regarded as floating petri-dishes. Yet last April it was able to raise capital, as the corporate-bond market thawed.

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