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The low inflation era is probably over

Unprecedented central bank action has dominated economic stimulus since the global crisis and suppressed yields around the world. The skew may now be shifting more toward fiscal expansion that could pressure rates higher. Austerity is on the wane in Europe, spending packages are landing in Asia, and U.S. borrowing is on track for even bigger records in the next couple of years.
-- Emily Barrett , Chikako Mogi , and James Hirai, Bloomberg

iShares TIPS monthly chart
iShares TIPS bond ETF monthly chart showing a recent multi-year breakout, followed by consolidation