Why Treasury Yields Are Rising- It's SAD

When the media and most Wall Streeters talk about what drives the Treasury market they talk about silly things like inflation expectations, economic expectations, interest rate expectations. As if "expectations ever turn out to be right. They say that yields rise when "the market" expects a stronger economy and rising inflation. They say that yields fall when "the market" expects low inflation and a weak economy. Supposedly the two go hand in hand.

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