Although Treasury yields have fallen back in recent days, the big picture is that they are still much higher than they were when headline and core inflation peaked more than a year ago in the US. In this Focus, we examine the role of inflation in the sell-off in Treasuries. Our conclusion is that yields will probably drop further but settle at a much higher level than before the pandemic.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.