After months of fraught negotiations with the United States, Japan clinched a deal just days before punitive tariffs were scheduled to take effect.

So-called break-even inflation rates, which reflect the bond market’s expectations of how fast prices will rise, are at 2.7118% and 2.483%, respectively, for the next two and five years. Those values compare with peaks of 2.7669% and 2.5441% on Thursday. Both were multimonths high.

Japan will invest $550 billion in the U.S. and allow the U.S. to tax Japanese goods sold in America at 15 percent.