Inflation - USD

USDi: BEs’ newfound attitude supports 10y TIPS auction

BEs adopted a newfound attitude after the Fed ruined the day yesterday, lending solid support to today’s $14bn 10y TIPS reopening.

EURi: Long forwards break 2% after 30y lifted; BTPei talk

Gains for the long end of the euro inflation curve following a 30y lift took forwards above 2%. Ahead, dealers are mostly positive about the BTPei.

USDi: Fed’s more decisive taper talk scares BEs lower; 10...

The Fed/Powell’s more decisive taper talk at today’s FOMC decision scared BEs lower amid better RY selling. 10y TIPS auction now eyed.

USDi: Cooler heads prevails but BEs still a little sticky

Risk sentiment stabilized after yesterday’s scare but BEs were sticky today, reluctant to join the modest risk-on move despite the Fed’s help.

Basis: Regulators ‘will be happy’ on RFR revolution day

Summing up this historic day in his market, one seasoned basis swapper said the transition to RFRs will make regulators happy. If that is possible.

USDi: BE curve steepens amid many cross-currents; 10y TIP...

The BEs curve steepened with tenors beyond the very front-end getting a modest bump higher amid many cross-currents.

USDi: CPI misses the mark, but not shockingly so

The August CPI print missed the mark at most points - but not shockingly so – with BEs unsurprisingly bear steepening post data.

USDi: BEs sulk a tad on the eve of CPI; FM sellers

BEs sulk a tad on the eve of CPI as fast money sellers took advantage of recent strength.

USDi: BEs hit air pocket then return back up to cruising ...

TIPS breakevens hit an air pocket intraday but managed to returned to their earlier cruising altitudes despite headwinds.

USDi: BEs push higher against the grain again

BEs once again largely ignored the broader inflation unfriendly backdrop and pushed higher for the second consecutive session.