Core Bond Markets May Have Entered a Period of Consolidation, Correction Perhaps

Markets US headline/core inflation for April came in at 8.3%/6.2% yesterday, defying expectations for a bigger decline from the 40-year highs. Core inflation also showed more signs of broadening and being increasingly persistent. It wasn’t the surprise reading both markets and the Fed hoped for, fueling concerns of an aggressive tightening cycle that may smother […]

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