Kudlow: Trumpian growth, not inflation

• Rising long-term bond yields are attributed to strong economic growth, not inflation.
• The 'real yield' component of Treasury bonds has increased, while the 'inflation component' (CPI break-even) has remained flat.
• Current yield levels are compared to the strong economic period of the 1990s, suggesting a healthy normalization.
• Media concerns about inflation are dismissed as politically motivated attacks on President Trump.

Larry Kudlow argues that the recent rise in long-term bond yields, specifically the 10-year and 30-year Treasury, is a positive indicator of 'Trumpian growth' and not a sign of accelerating inflation. He dismisses media panic, stating that the increase is driven by real economic growth, particularly in manufacturing, construction, and advanced technologies, and represents a normalization from historically low rates.