Inflation Protection Tips Break Even - What Is It?

Junk bond spreads below or Euro bond spreads below out as they had in February and March. That's an indication of not just fear, but also illiquidity in those marketplaces. You've got T-bo rates falling, sofa rates falling, collateral collateral collateral, three C's right there. Here we are, deep in the heart of the euro dollar, looking at all sorts of things we don't want to see. And that has led to a dramatic decline in another part of the marketplace, inflation protection tips.