You’re in good company if you can’t figure out why U.S. Treasury yields are tumbling. Jerome Powell isn’t sure either.
Bonds have relentlessly rallied for months, even as inflation spikes to 13-year highs. Textbooks and Wall Street lore say yields should be jumping instead of diving in the face of that.
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July 29, 2021 at 03:51AM
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Not Even Jerome Powell Gets What's Up With the Bond Market - Bloomberg
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