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Opinion
Brian Chappatta

Forget the Yield Curve. The 30-Year Treasury Is Scary.

A record low yield shows bond traders have lost all fear of rising interest rates, a stronger economy or a sustained rebound in inflation.

There’s no playbook for this spiral.

There’s no playbook for this spiral.

Photographer: Loic Venance/AFP/Getty Images

The $16 trillion U.S. Treasuries market is sending an ominous sign about the future of interest rates, inflation and economic growth, both in America and across the world.

And no, I’m not talking about the inverted yield curve.