It appears the recent move in the US 10-year Treasury yield from 1.2% to 1.7% had very little to do with inflation expectations.
by mark000 https://www.japantimes.co.jp/news/2021/03/04/business/financial-markets/bonds-stock-japanese-economy-global-economy-u-s-treasuries/ [March 4] Japanese funds sold a record $34 billion of foreign bonds in the two weeks ended Feb. 26 as the nation’s fiscal year-end [on 31] March approaches — enough to cause reverberations in U.S. repurchase markets for 10-year Treasuries. What started out as a re-balancing of books by Japanese funds has added to the volatility … Read more