Bond traders are surrendering to inflation fears. It's raising the stakes for Washington - qz.com
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- Bond traders are surrendering to inflation fears, raising the stakes for Washington.
- Bond market signals that the “free lunch” of low yields is over, according to multiple commentators.
Why it matters: Washington confronts higher borrowing costs as bond yields climb, while investors capture higher returns; the shift threatens fiscal flexibility and could tighten credit for businesses.
