US bond market flouting inflation looks more vulnerable

The broader bond market is also signaling that a Federal Reserve policy rate peak short of 5% will be enough to cause a recession, requiring rate cuts totaling half a point during the second half of the year. Some argue there's no longer much margin for error. Strong demand for this week's auction of 10-year inflation-protected Treasury notes suggests investors are listening.

US bond market flouting inflation looks more vulnerable
The broader bond market is also signaling that a Federal Reserve policy rate peak short of 5% will be enough to cause a recession, requiring rate cuts totaling half a point during the second half of the year. Some argue there's no longer much margin for error. Strong demand for this week's auction of 10-year inflation-protected Treasury notes suggests investors are listening.