The bond market shrugged off two inflation shocks. Why stock investors should pay attention.
Summary
Despite higher than expected consumer and producer inflation readings, Treasury yields remained steady as buyers found current yields appealing. Stock investors should monitor this resilience in the bond market closely.
Hot CPI and PPI data should have pushed Treasury yields higher. Instead, bond buyers stepped in to suggest yields have risen high enough to become attractive for investors.
Source: Read the full story at MarketWatch.com - Top Stories
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