The Bond Buyer – Massive Primary, Constructive Secondary Lead Yields Lower

November 9, 2021
Original article by Lynne Funk and Gary Siegel

Jake Remley, Senior Portfolio Manager at Income Research + Management, shared his thoughts with The Bond Buyer about the bond market’s reaction to the release of the October PPI Index. Jake said that the rally in bond yields suggests the market may have priced in even worse projections for this inflation gauge, given spiking energy costs, the global chip shortage, and other factors. Jake noted that while TIPS market break evens remained mostly unchanged after the PPI release, the CPI will be more consequential to this part of the market.

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