U.S.: Even The Bond Market Is Starting To Chill OutBy
Are the bond market's inflation fears starting to ebb? It looks that way. The yield on the benchmark 30-year Treasury bond dropped to 6.84% on May 14 from a high of 7.11% only a week and half before. The mood swing of Wall Street's foremost inflation worrywart may be signaling the end of the growth scare that had heightened fears of overheating, inflation, and Federal Reserve rate hikes.
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