Warsh’s Hawkish Message Lands as Real Yields Lead Bond Moves

A clear signal that bond markets see credibility in the Federal Reserve’s inflation stance is the jump in real yields, which is outpacing that of nominal and breakeven rates. Bloomberg 'Odd Lots' podcast hosts Tracy Alloway and Joe Weisenthal discuss Kevin Warsh's debut Jackson Hole speech as Fed Chair. (Source: Bloomberg)

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