Treasuries rally after core inflation rises less than expected
“The initial market response has been a sigh of relief as core CPI came in weaker than expected,” says Paul O’Connor, head of the multi-asset team at Janus Henderson.
By Ye Xie, Bloomberg
US Treasury yields tumbled from multi-year highs after a smaller-than-expected jump in a key inflation gauge prompted traders to pare back expectations for how far the Federal Reserve will raise interest rates this year.
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