
Another inflation headline, another contrary bond market reaction
Core consumption rose, Treasury yields pull back Treasury bonds are still in downtrends, and thus yields are still in uptrends. So the inflation play is technically not yet broken from a Treasury bond POV. But it is interesting how the inflation trades continue to unwind (check out commodity tracker DBC ticking a new low today after failing to get back above its daily SMA 50) … Continue reading Another inflation headline, another contrary bond market reaction