Wall St Week Ahead-Inflation data next focus for investors after bond yield spike

Robust data on inflation – which hit its highest annual level in nearly four decades in December – could further bolster the case for a more aggressive Fed and extend the climb in yields, dulling the allure of an equity market struggling to rebound from last month’s tumble.

NEW YORK: Wild swings in stocks and a sharp run-up in government bond yields are putting the spotlight on next week’s U.S. inflation data, as investors brace for more volatility across assets.

A turbulent week in markets ended with a surge in Treasury yields to their highest level in more than two years after surprisingly strong U.S. jobs data stoked expectations of a more hawkish Federal Reserve.