"If there’s a structural reason why bond yields are drifting higher, a bit of short-term intervention buys you a little bit of time, but doesn’t necessarily change the longer-term trajectory"

NEW YORK, Aug 19 : Longer-dated global bond yields retreated from multi-decade highs, the dollar tumbled and gold jumped on Wednesday after the U.S. Treasury Department said it…

(Bloomberg) -- A rebound in long-dated Treasuries ran out of steam and US stock futures struggled for direction as rising oil prices brought inflation risks back to the fore.