Bond markets claim to be wary of resurgent inflation. Either they can’t read, or they’re more interested in creating trading opportunities.

(Image: AAP/Bianca De Marchi)

It is financial market lore that governments and central banks don’t argue with the bond market — the self-appointed guardians of fiscal purity and price stability.

Oftentimes, however, bond traders are more like highly paid sheep.

And one of their failings is an ability to read simple English.

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