Morgan Stanley Says Steer Clear of U.S. Stocks and Bonds in 2022
Column: Funds pause record selling of 10-year Treasuries
Hedge funds paused their relentless selling of 10-year Treasuries futures ahead of last week’s U.S. consumer price data, but the spike in annual inflation to its highest in more than three decades suggests the hiatus could be a short one. The October inflation report released on Nov. 10 was always going to be a biggie, potentially pivotal for the Fed in respect of when it starts raising interest rates and by how much over the coming years. The headline rate of annual inflation jumped to 6.2%, the highest since 1990, and poured fuel on the already raging debate over whether the Fed is behind the curve.