The Real Reason Why U.S. Bond Yields Are Stuck May 14 2021, 12:41 PM May 14 2021, 9:30 AM May 14 2021, 12:41 PM (Bloomberg Opinion) -- Hereâs a conundrum. Why, when growth and inflation are picking up sharply, are U.S. bond yields stuck at modest levels? Yields on 10-year Treasuries are lower now than at the end of March, despite this weekâs blowout inflation numbers and accelerating growth. The Federal Reserve wants you to believe this is because the inflationary spurt is temporary. Itâs got nothing to do with that. (Bloomberg Opinion) -- Hereâs a conundrum. Why, when growth and inflation are picking up sharply, are U.S. bond yields stuck at modest levels? Yields on 10-year Treasuries are lower now than at the end of March, despite this weekâs blowout inflation numbers and accelerating growth. The Federal Reserve wants you to believe this is because the inflationary spurt is temporary. Itâs got nothing to do with that.