Best-Performing Treasuries Suggest Inflation Threat is Real

Savvy bond investors aren’t waiting for more evidence of quicker inflation amid the debate over whether the U.S. economy will receive the jolt promised by the Trump administration.

While deliberations drag on about the merits of what’s become known as the Trump reflation trade, investors have been buying protection against a rise in consumer prices this month at the fastest pace since just after Donald Trump’s victory in November.