On the initial reaction to the US CPI data yesterday, 10-year Treasury yields jumped from 3.99% to 4.06% before ultimately settling lower below the 4% mark. That's the sort of thing which is seeing bond sellers go out on a whimper after the action from last week. It comes as yields fail to take out a key technical level in the form of the 200-day moving average (blue line):The data yesterday was supposed to be a trigger event of sorts to tide yields across the key technical hurdle. And we even got decently higher inflation numbers, at least on paper, to work with. But at the end of the day, even that is not enough to drag yields over the finish line it would seem.So, what's next?I've said ti
Hence then, the article about higher us cpi not enough to drag yields across the finish line was published today ( ) and is available onforex live ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details Finally We wish PressBee provided you with enough information of ( Higher US CPI not enough to drag yields across the finish line )