For the first time in two years, bond investors are betting that U.S. inflation will average close to 2% per year over the coming decade. The market’s key measure of price expectations reached 1.981% on Tuesday after touching 1.992% Monday, the highest since December 2018, data compiled by Bloomberg show. The gauge, known as the breakeven rate, is gaining momentum as traders prepare for an economic recovery in 2021 now that a Brexit deal has been reached and as U.S. legislators mull an increase to virus-relief spending. The roll-out of vaccinations against the coronavirus is also fueling the move higher. It’s all … (full story)