Inflation: Here Today… Gone Tomorrow?Rates are almost certain to rise... evidenced by what we see with the 10-year yield and break-even rates.
As a result, when rates do rise, this will temper demand. However, it will do nothing to ease the supply bottlenecks across the world.
Yields Consolidate as Stocks ExhaleStocks caught a small bid as bargain hunters started to sniff around. That's expected after a few days of selling. Yesterday I suggested that yields would likely consolidate after a furious run - and this is what we saw. The 10-year bond yield pulled back to 1.46% - down 9 basis points from yesterday's 1.55%.
A ‘Dovish’ Fed Cuts Growth but Raises Inflation Outlook"Coming soon" is all the Fed could offer with respect to a definitive timeline on tapering their $120B monthly asset purchases. Suitably nebulous if you ask me... but the inflation risks are real.
