Trading Day: The oil, bonds tango
Orientul Mijlociu
ORLANDO, Florida, May 4 : Oil prices jumped further above the $100-a-barrel mark on Monday as Iran controls the Strait of Hormuz, despite U.S. efforts to free up shipping, pushing U.S. Treasury yields higher and dragging stocks lower. In my column today, I look at U.S. inflation and why consumers, businesses and investors should brace for 4 per cent. Inflation has been above the Fed's 2 per cent target for so long already, and the energy shock will only drive it higher in the months ahead. If
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