Bond Bears Brace for Challenges From Consumer Prices, Auctions

Bears in the U.S. Treasury market are on a roll, with yields across the curve at 2022 highs after a hot U.S. jobs report and long-term market rates in Europe above zero for the first time in years.

Whether those yields are justified will be tested next week. They reflect increased expectations for Federal Reserve rate hikes to keep high inflation from becoming entrenched as the economy…

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