Gold Screams ‘Debasement Trade.’ Bonds Say Otherwise

wsj.com/finance/investing/gold-screams-debasement-trade-bonds-say-otherwise-e5494678

If investors expect debasement, it is very odd that the bond market’s best guess at long-run inflation is basically unchanged.

This story appeared on wsj.com, 2025-10-09 09:30:00.
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