The world heavyweight champ of inflation data, U.S. core PCE, nailed expectations dead-on. It also climbed to its highest in five months while U.S. Treasuries remain unchanged. That left many to wonder, why aren't bond traders more worried?

The world heavyweight champ of inflation data, U.S. core PCE, nailed expectations dead-on. It also climbed to its highest in five months while U.S. Treasuries remain unchanged. That left many to wonder, why aren't bond traders more worried?