Trade Alert on Bonds
Fixed Income Traders De-Risk Ahead of CPI
The entire yield curve is pressing higher today ahead of CPI tonight. The market is pricing a hot print, and I think we’ll get it. If you are long bonds, I recommend you hedge up before the event.
The labour market is tight, speculation still rampant and financial conditions are easy. Even the FOMC is beginning to recognize it: yesterday FOMC voter Willi…
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