Core Inflation Over Time Will Justify Higher for Longer Paradigm

<p>Markets The up-move in US yields took a breather this week. Friday’s slightly softer than expected payrolls probably don’t change the Fed’s assessment on further tightening. However, with key resistance ahead (5.10% area 2-y; 4.09% area 10-y yield) it was time for bond shorters to reduce positions. On Monday, the NY Fed Survey on consumer […]</p>
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