Marcus Ashworth, Columnist

Central Banks Are Telling Markets It's Time to Grow Up

Central banks are telling markets its time to grow up.

February 9, 2018 at 10:44 AM UTC

Marcus Ashworth is a Bloomberg Opinion columnist covering European markets. Previously, he was chief markets strategist for Haitong Securities in London.

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It's time for markets to grow up.

An important element in the current volatility tantrum is the return of inflation. Last Friday's U.S. payroll report kicked it off, and the struggle at this week's 10-year and 30-year U.S. Treasury auctions suggests fixed-income investors don't spy an end to the rout. This means the next key event for them is U.S. CPI data next Wednesday, which may validate everyone's fears that the inflation monster is at their door.