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Yield curve pioneer Campbell Harvey says inflation is a growing threat

Yield curve pioneer Campbell Harvey says inflation is a growing threat

Several prominent economists think inflation is a growing concern for the US economy. There are signs that investors in the $20 trillion US Treasury market agree with them. Fixed-income investors are hyperaware of any increase in prices for goods and services because it eats into their returns, and they tend to demand higher yields (and therefore lower bond prices) when they’re worried about inflation.