The yield on the US 10-year treasury inflation-protected security (TIPS), which provides a hedge against inflation, could drop to -1% if the recent resurgence of coronavirus cases in the US prompts the Federal Reserve to give stronger dovish guidance on Wednesday, strategists at Bank of America (BofA) said on Tuesday, as tweeted by Bloomberg’s Lisa Abramowicz. The 10-year TIPS yield fell to a record low of -0.90% last week, having hit a high of 0.62% during the March crash. The relentless slide seen over the past four months played a big role in boosting demand for gold, which is now trading at record highs above $1,970 per ounce. Prices have risen by 22% this month alone and are up over 25% this year. 10-year TIPS FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next Tron Price Analysis: Struggles to justify rounding bottom amid bearish MACD FX Street 3 years The yield on the US 10-year treasury inflation-protected security (TIPS), which provides a hedge against inflation, could drop to -1% if the recent resurgence of coronavirus cases in the US prompts the Federal Reserve to give stronger dovish guidance on Wednesday, strategists at Bank of America (BofA) said on Tuesday, as tweeted by Bloomberg's Lisa Abramowicz. The 10-year TIPS yield fell to a record low of -0.90% last week, having hit a high of 0.62% during the March crash. The relentless slide seen over the past four months played a big role in boosting demand for gold, which is now… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
