US economic releases are heavily distorted more like it...
Printing to infinity & Central Bank intervention in all kinds of markets has been distorting everything since 2008/2009, including the Comex price of gold & silver - proven numerous times via multiple law suits agains banks...
Any bond market distortion is primarily as a result of Central Bank intervention & distortion of the Stock Market and other asset bubbles created as a result.
The US economy is smoking the last of its crack purchased with borrowed money...