The Ten Year Yield Signals Future Inflation

Dougherty: Is the 10 year yield signaling future inflation? You're saying it's certainly signaling that rates are too low. Does it mean we're going to see higher inflation from here or just that it's sticky where it is and rates are not recognizing that, he asks. He says if you're not going to deal with the inflation problem, I don't want to own your 10 year note. That's what a steepening yield curve means.