Bonds give inflation a body-swerve :Mike Dolan
05/14/2021 | 01:00am EDT
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(The author is editor-at-large for finance and markets at
Reuters News. Any views expressed here are his own)
LONDON, May 14 (Reuters) - One of the highest U.S. inflation
prints in decades has drawn a stifled yawn from bond markets,
making it harder to see what - short of a dramatic and unlikely
central bank rethink - could budge long-term borrowing rates
much further.
The Federal Reserve s $80 billion per month of Treasury debt
buying is one obvious reason for the relative stasis. But it s
not the only factor.