The Return of the Bond Vigilantes: How Stubborn Inflation and Fed Policy Are Reshaping Fixed-Income Markets
Main Facts: Inflation Prints High, Bond Yields Surge, and the Fed Looms The macroeconomic landscape is shifting rapidly under the pressure of persistent inflation. Following the release of the August Producer Price Index (PPI) report—which revealed a hotter-than-expected year-over-year inflation rate of 5.4%—financial markets have experienced a dramatic repricing of risk. This high wholesale inflation…
