Long-end US Treasury yields unlikely to retreat soon
Suzanne McGee says renewed long-end Treasury yield gains likely reflect ongoing inflation concerns plus supply-and-demand forces, making it hard for policymakers to cap borrowing costs.
By Suzanne McGeeHigher long-end Treasury yields are unlikely to retreat anytime soon, and a host of intertwined supply and demand factors will likely hamstring U.S. policymakers seeking to cap borrowing costs.That is because the renewed surge in rates reflects immediate concerns about the inflation…