Excerpt from the Financial Times quoting DataTrek co-founder Nick Colas:
…. “The Treasury market has returned to its usual steady state in recent weeks, however, as investors accepted Federal Reserve chair Jay Powell’s view that inflation spikes would be temporary.
“Treasury markets are following chair Powell’s recommendation to treat the next few months of inflation data as throwaways — transient observations with little useful signal,” said Nicholas Colas of DataTrek Research“….
Read the full article here in the Financial Times!