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Публикация

US 5y5y #inflation #swaps (white line): 2.41% versus 30y UST yield (blue line): 5.23%, chart @bloomberg.com TV live

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1 прямых ответов · 3 сообщений

The chart is telling you that the recent rise in long-term USTreasury #yields is not primarily an #inflation story anymore.

Ответ для acemaxx analytics

The rise in long yields is not evidence that markets expect runaway #inflation, but rather that markets are demanding a larger portfolio premium to hold a growing stock of long-duration Govt debt.

Ответ для acemaxx analytics

In this view, the bond market is repricing #duration risk, fiscal uncertainty, and portfolio preferences, not signaling an unanchoring of #inflation expectations.