Record treasury auctions and yields falling again, which brings us back to the legendary October of 2018. But bond yields have been rising for the past several months and perhaps investors should pay attention, especially as we grapple with questions about inflation and the broader economy.So is inflation and economic growth back in play? Powell said an interest rate hike "is not in the short term," pointing out that there may be upward pressure on prices in the short term, but a one-off hike does not mean "persistent inflation."
