South Africa’s Eskom to cut electricity nationwide after breakdowns at 7 power plants

 South Africa’s Eskom to cut electricity nationwide after breakdowns at 7 power plants

Bloomberg

Inflation Angst Turns TIPS Into Must-Watch $1.6 Trillion Market

(Bloomberg) — The U.S. is about to sell 10-year inflation-linked debt next week, keeping the spotlight on a corner of the bond market that’s rarely garnered this much attention in the almost quarter-century since its debut.Heightened fears about the risk of raging consumer-price gains as growth rebounds are driving investors of all stripes to search for cover in Treasury Inflation-Protected Securities, a market that’s grown to $1.6 trillion. Traders talk of new entrants like retail buyers and global macro strategists — what the veterans are dubbing the “tourist crowd.” Cash has also been flowing into the largest exchange-traded fund for TIPS, part of the rabid demand that’s driven inflation expectations over the next half-decade to a 16-year high.It’s all adding up to a head-spinning stretch for inflation traders. They say they’ve been caught off…

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