(Bloomberg) — The next leg higher in long-term Treasury yields may come from whats known as real rates, one of the bond markets purest reads on the growth outlook.A burst of strong economic readings — a mammoth job creation figure Friday and now a report from the Institute for Supply Management showing record growth in service industries — is fueling bets that expectations for growth, not inflation, will dominate the narrative in Treasuries.Thats an important distinction because while higher…
