Economics
Just the Idea of Inflation Is Spooking Bond Traders Again
It’s a stark contrast to the state of affairs at the start of 2015, when the free fall in oil and other commodities raised the specter of a global deflationary spiral and pushed central banks from Europe to China to act and stimulate demand.
Photographer: Andrey Rudakov/BloombergThis article is for subscribers only.
Three months ago, bond traders were bracing for deflation in the U.S.
Now, they’re starting to worry about inflation -- and snapping up a record share of Treasuries that offer some protection.