Will Rates Keep Rising? Four Key Metrics To Watch

The reflation trade remains in high gear. For the moment, it’s reasonable to view this trend as a return to the pre-pandemic period, before the coronavirus crisis roiled bonds markets and slashed yields. The question is whether the recent rebound in rates has legs and indicates that there’s more to the trend than a return to the pre-pandemic “normal”? Unclear, but the answer is forthcoming in the data, including four key metrics that will likely provide early signals of things to come.