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美国核心PPI环比0.2%不及预期,美债收益率仍上行

Core PPI came in softer than expected at 0.2% MoM versus 0.3% expected.

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推荐理由

核心PPI与美债收益率背离,反映市场对明日CPI及美联储路径的预期变化,直接影响宏观流动性定价。

Core PPI came in softer than expected at 0.2% MoM versus 0.3% expected. But Treasury yields kept climbing anyway. The US 10Y rose 11.9 bps to 4.959% as markets continued to price a more hawkish Fed path ahead of tomorrow’s CPI.

One softer inflation print was not enough to reverse the move in rates.

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