Economics
Global Yield Surge Defies Skepticism on Inflation's Momentum
- April oil rally, tax stimulus, Fed ‘feeds on itself’: Lovrics
- Traders take higher yields in stride, TIPs rally blunted
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Rising inflation expectations in the world’s biggest economy are pushing up U.S. benchmark yields, putting pressure on rates to climb around the world and causing more than a few heads to swivel.
Federal Reserve officials may be attempting to tamp down concern of a U.S. price surge, but it hasn’t stopped yields from Tokyo to Frankfurt and New York ticking higher. In fact the yield of a $51 trillion Bloomberg Barclays index of global sovereigns and corporate debt is nearing a four-year high of 1.949 percent.