We got a big CPI print today, 5.0%. That's above expectations. And, we saw a mild uptick in US Treasury bond yields on the back of the number. But I am wondering whether it really matters. Let me explain. Yesterday, after posting on the death of the so-called bond vigilantes
Do inflation expectations even matter anymore?
Do inflation expectations even matter…
Do inflation expectations even matter anymore?
We got a big CPI print today, 5.0%. That's above expectations. And, we saw a mild uptick in US Treasury bond yields on the back of the number. But I am wondering whether it really matters. Let me explain. Yesterday, after posting on the death of the so-called bond vigilantes