WSJ - Markets

The Bond Selloff’s Missing Ingredient: Inflation

Are bond bears finally getting what they want? The recent backup in debt yields, led by the U.S. Treasury market, has some good foundations, including growth running at a 3% pace. But a vital ingredient for a bigger jump in yields is still missing: inflation.

U.S. gross domestic product data released Friday was flattered by inventory-building, but also showed solid consumption spending and business investment. The release builds on a string of improving data that have pushed the Citigroup U.S. Economic Surprise Index back… Markets

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