Today’s Treasury price action, which followed a benign CPI print and moderating rate-hike expectations, supports the view that the “high" level of yields is less about inflation and/or Fed concerns, a
#economy #market #bonds #inflation #federalreserve — via @elerianm
What changed
#economy #market #bonds #inflation #federalreserve — via @elerianm
Why it matters
Benign CPI and moderating rate-hike expectations shift focus to heavy debt supply.