NEW YORK (Reuters) - A measure of traders' long-term U.S. inflation expectations rose early Thursday as perceived dovish minutes from the Federal Reserve's September policy meeting rekindled bets the Fed would cling to a policy stance to stimulate inflation.
The 10-year inflation breakeven rate or the yield premium on regular 10-year Treasury notes
Some Fed policymakers have raised concerns that domestic price growth has remained sluggish during the current recovery, falling short of its 2 percent goal for core inflation.
Minutes on the Federal Open Market Committee's Sept 16-17 meeting, released on Wednesday, suggested concerns about the impact of a strengthening U.S. dollar and weakening economic prospects in Europe and Asia on the domestic economy, which traders reckon might delay when the Fed raises interest rates.
The 10-year TIPS breakeven rate was last at 1.99 percent, up more than 3 basis points on the day after quoted as high as 2.02 percent earlier Thursday, according to Tradeweb.
The 10-year breakeven rate slipped to a low of 1.91 percent early Wednesday prior to the release of the September FOMC minutes, Tradeweb data showed.
(Reporting by Richard Leong; Editing by Chizu Nomiyama)