US bond market's rally hinges on April CPI data, with a slowdown supporting, and reacceleration threatening it.

The US bond market's rally depends on April CPI data, with a slowdown in inflation potentially extending the rally, but a reacceleration threatening it. Fed Chair's dismissal of further rate hikes has fueled the rally, which is currently in a "holding pattern" awaiting the CPI release. Recent CPI reports have caused selloffs due to faster-than-expected inflation readings, raising concerns over the Fed's control.

May 12, 2024
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