Michael Lorizio Browse All Authors Top 3 quotes by Michael Lorizio Part of the story has to be at least how illiquid TIPS securities are. It’s not always a perfect reflection of inflation expectations. Michael Lorizio One factor that has certainly enhanced the widening of breakevens has been the relative illiquidity of TIPs. Michael Lorizio That factor can work as an accelerant in the opposite direction, as well, obviously, if the tone of the market shifts. Michael Lorizio
