In some ways, the bond market buys into the "inflation is tr...

In some ways, the bond market buys into the "inflation is transitory" story more than the Fed at this point. US 2-year yields are dipping, and the market is pricing in fewer rate hikes than Fed members are predicting. Inflation expectations over the next 5 & 10 years are falling.
$SPDR S&P 500 ETF (SPY.US)$ $Bank of America (BAC.US)$ $Goldman Sachs (GS.US)$