Bloomberg
U.S. Yields’ Trek Higher Seen Getting Fuel From Real Rates
(Bloomberg) — The next leg higher in long-term Treasury yields may come from what’s known as real rates, one of the bond market’s purest reads on the growth outlook.A burst of strong economic readings — a mammoth job creation figure Friday and now a report from the Institute for Supply Management showing record growth in service industries — is fueling bets that expectations for growth, not inflation, will dominate…
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