It could have been a big week for bond bears, if it weren't for crude oil. US GDP came in above expectations and the Fed's preferred inflation gauge printed the highest reading since October 2023 . Yet U.S. Treasuries held firm as the 10-year yield fell to under 4.4% and the iShares long term bond ETF (TLT) added two-thirds of a percent, extending a 5% gain since its low last month. One explanation is that a steep drop in oil prices – crude futures fell about $10 from last Friday's high – is

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