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What’s the Reason behind Surging Bond Yields?

What’s the Reason behind Surging Bond Yields?

The US bond market’s (BND) troubles escalated last week as inflation expectations continued to rise. The first reason was the January FOMC (Federal Open Market Committee) meeting. The Fed left interest rates unchanged at that meeting but changed its outlook on inflation, saying that inflation (TIP) could pick up and stay near the 2% target.