As Tariff Tensions Rise, Bond Vigilantes Remain In Hibernation... For Now

Authored by Simon White, Bloomberg macro strategist,

Tariffs are here, and the market does not like it. But whether or not you agree with the prevailing view inferred from positioning, it probably isn’t wise to lean against it, at least not yet. For the nimble, volatility and position unwinding will ultimately open up significant tradeable moves.

Traders and investment managers are positioning for higher inflation and weaker growth.