Long-dated US Treasury yields have been falling since early April as markets maintain their trust in Federal Reserve Chairman Jerome Powell’s repeated statements that the inflation pickup is temporary despite the accelerating pace in recent months. But something else happened last week. The 10-year yield plunged to 1.27% on Thursday before rising to close Friday at 1.36%. Such volatility has a lot to say about the state of the world economy, especially regarding growth and inflation.
Great insights Mr.Kumar!!