Photo by Vagabondatheart/iStock via Getty Images
Treasury yields are stuck in no man’s land as Wall Street now agrees with the Fed that inflation will be transitory. The underlying components of inflation look temporary and that has financial markets looking complacent. The economic recovery will warrant Fed tapering closer to the end of the year, but for now, we wait and see how big the deficit gets and how quick the labor market recovery is and if wage pressures continue to grow.
The upcoming…

Click here to view the original article.