A major Treasury selloff rocked global markets, thanks to hawkish signals from the Fed.
Nearly two years of sub-zero real yields have penalized average savers and bond investors.
The narrowing gap between short- and long-term yields is gaining momentum.
Bonds still have a role to play in one's portfolio given the economic uncertainties, he said.
The billionaire said he served meals at a "soup kitchen" that took orders from people in nice cars.
The percentage of female workers over 20 who were employed or looking for work dropped to the lowest since February.
Inflation, is showing signs of peaking, potentially reducing demand for TIPS as a hedge.
The former bond king says bonds belong in the “investment garbage can.”
Fear of inflation has become a common denominator for both stock and bond investors.
The debate over inflation is crucial as policy makers and investors navigate the recovery from the pandemic.
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