Inflation could top 4% this week. The bond market wants Fed Chair Warsh to prove he'll fight it.

Friday's strong May jobs report pushed bond yields higher and sent highflying tech stocks sharply lower. The reaction suggests investors are pricing in a firmer growth/inflation backdrop and potentially less support for duration-sensitive assets.

Analysis

Friday's strong May jobs report pushed bond yields higher and sent highflying tech stocks sharply lower. The reaction suggests investors are pricing in a firmer growth/inflation backdrop and potentially less support for duration-sensitive assets.