Forex News: Prices of long-dated Treasurys sliding more steeply as investors scold Fed Chairman Ben Bernanke's "180 degrees" on the higher risk of growth vs inflation, says Credit Suisse strategist Carl Lantz. "He's afraid of being hawkish when equities are weak," he says, adding that, as a result, the Fed's credibility on inflation "is starting to slip." Today's surge in CPI only reinforces their fears. Curve is steepening bearishly - a development you wouldn't see if investors still believed the Fed can tackle price pressures, Lantz said. Two-year is down 1/32, yielding 2.40%, while 10-yr is 19/32 lower for 3.92%. Curve at 152 bps, from 145 bps yesterday.
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