The U.S. bond market's gauge of investors' inflation outlook declined to session lows on Thursday following poor demand for $13 billion worth of 10-year TIPS supply.
At 1:31 p.m. EDT (1731 GMT), the 10-year inflation breakeven rate, or the yield gap between 10-year Treasury Inflation Protected Securities and regular 10-year Treasury notes, fell more than 2 basis points to 2.07 percent, which was the lowest since late May, Reuters and Tradeweb data showed. (Reporting by Richard Leong Editing by James Dalgleish)