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