Real Yields Push Long-Term Rates Higher, Even as Inflation Signals Fade
TL;DR Summary
Long-term U.S. Treasury yields jumped about 0.1 percentage point after Warsh’s Jackson Hole remarks, but inflation expectations have barely moved; the move is driven by higher real yields tied to growth, Fed policy expectations, and heavy government borrowing, with the 30-year yield pressing toward 5.27% and posing a fresh headwind for equities even as earnings stay strong.
Topics:business#finance#inflation-expectations#jackson-hole#long-term-yields#real-yields#treasury-yields
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