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| If you are concerned about inflation going significantly higher, then you should short sell the long end of the treasury curve... the ZN, ZB, and Ultrabonds futures contracts. (Or buy puts on them)
The long end of the treasury curve is very sensitive to inflation expectations. So if inflation is going to be a problem, then the bond market will show that potential outcome in long bond prices (long bond prices should go down, and yields should go up
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