The Weekly Fix: Many Things Are Becoming Costlier, But Not Bonds
The U.S. Treasury building in Washington, D.C., U.S.
Photographer: Samuel Corum/Bloomberg.
Welcome to the Weekly Fix, the newsletter that's not subject to the U.S. debt ceiling. This is interest-rates reporter Alexandra (a.k.a Alex) Harris, climbing out of the financial system's pipes to fill in for Katie Greifeld. Matthew Burgess, pensions guru in Melbourne, is pitching in too with the perspective of one of Australia’s larger pension funds.
This week's selloff in the bond market went global, as yields in the U.S., U.K. and Europe jumped on concerns that surging energy costs will keep inflation elevated.