menu search

Big turn in the bond market points to higher inflation later

Big turn in the bond market points to higher inflation later
Lower CPI today should have been a green light for lower yields but instead the opposite is unfolding with 5-year yields tracking from 3.81% after CPI to 4.01% last -- a swing of 20 bps.The rise above 4% is the highest since just before the banking rout.What could be unfolding is that the bond market is pricing in a soft landing that includes the Fed holding rates higher for longer. Or there could be some position squaring ahead of the FOMC.I would also be mistaken if I didn't mention the intern... Read More
Posted: Jun 13 2023, 18:50
Author Name: forexlive
Views: 081283

Search within

Pages Search Results: