After a week when inflation fears revived, bond yields jumped and US presidential politics stewed, the biggest takeaway for risk-asset bulls may be how little any of it ended up bothering them.
True, a selloff in Treasuries pushed US 10-year yields to the highest since July, revving up anxiety across Wall Street and formally ending a six-week advance in the S&P 500 that had been the longest since December. Volatility indexes, particularly in fixed income, climbed, another sign that months of near-historic calm are under threat.
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