Why Yield Curves Signal Markets Think Inflation is Here to Stay

U.S. July CPI came in line and PPI came in flat, but the Treasury curve moved on oil instead. The correlation is strongest at the 10 year point, not the two year where a supply shock response usually lands. Shriya Samarth, Executive Director and Head of Rates, EMEA at StoneX Financial Ltd, sets out why a 10 year correlation points to markets pricing oil driven inflation as lasting rather than as something policy clears up. View her full report in the related video.