The bond market is losing faith that inflation risk from the Middle East conflict will be contained and fade quickly.
The Federal Reserve’s monetary policy is still in wait-and-see mode, but several key Treasury yields aren’t waiting to see what happens.
The Treasury market’s implied inflation forecasts are also rising again, based on the spread between nominal rates and their inflation-indexed counterparts.
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The bond market is losing faith that inflation risk from the Middle East conflict will be contained and fade quickly. The Federal Reserve’s monetary policy is still in wait-and-see mode, but several key Treasury yields aren’t
