How can we justify a 10-year Treasury yield of 1.5% with inflation running well over 5%?

How can we justify a 10-year Treasury yield of 1.5% with inflation running well over 5%?

The answer: producer inflation running even hotter.

When producers can't pass inflation to consumers, deflation is coming.

That's the bet Mr. Bond Market is making. pic.twitter.com/YC3Nx40OqL

— Ross Hendricks (@Ross__Hendricks) October 17, 2021

Probly notin pic.twitter.com/2WgUgQ9MrY

— The Market Dog (@TheMarketDog) October 18, 2021

Leading German research institutes have slashed their joint 2021 growth forecast.
The downgrade is a 2.4% expansion in GDP, from 3.7% previously.

— Daniel Lacalle Official Account (@dlacalle_IA) October 17, 2021

#recession … #GFC2 US #Energy edition#OOTT #Oil #WTI #WTIC #OilPrice https://t.co/38QYKNiXDf

— Invariant Perspective (@InvariantPersp1) October 17, 2021