A man holds an iBonds subscription document over his head during heavy rain in Mong Kok on June 1. Photo: Nora Tam
A man holds an iBonds subscription document over his head during heavy rain in Mong Kok on June 1. Photo: Nora Tam
Kerry Craig
Opinion

Opinion

Macroscope by Kerry Craig

Flagging yields amid rising inflation raise fears the bond market is broken

  • Rather than a signal to intervene, the fall in yields might be a sign that messages around the transitory nature of inflation are starting to sink in
  • The onus is on the US Federal Reserve to justify its accommodative stance and lean into its guidance that it will tolerate higher inflation before raising rates

A man holds an iBonds subscription document over his head during heavy rain in Mong Kok on June 1. Photo: Nora Tam
A man holds an iBonds subscription document over his head during heavy rain in Mong Kok on June 1. Photo: Nora Tam
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