Inflation - USD
USDi: Ugly rout for TIPS persisting
The ugly rout in duration continued today with TIPS underperforming yet again, leaving BEs lower amid more selling.
USDi: 10y TIPS re-opening not a home run, but a decent tr...
Today’s 10y TIPS re-opening was not a home run, but a decent triple. BEs opened up better bid but lost altitude intraday to end mixed.
USD Swaps: USTs flip steeper: 10y TIPS auction preview
USTs have flipped steeper as longer tenors reel from the lingering fallout after yesterday’s FOMC decision. 10y TIPS auction views.
USDi: BEs give thumbs down to Fed’s ‘hawkish hold’; 10y T...
BEs gave a thumbs down today’s ‘hawkish hold’, gapping lower on the headlines/presser. Attention now turns to the 10y TIPS re-opening tomorrow.
USDi: RYs hit along with nominals; Inflation risks lurk
Nominals tested/hit new multi-decade lows but RY sellers were in the mix too, leaving BEs just marginally higher. Some see inflation risks lurking.
USDi: PPI comes in hotter-than-expected; BEs rally modestly
PPI came in hotter-than-expected, helping to spark a nominal sell-off that left BEs modestly higher.
USDi: CPI pop in BEs sold by fast money
BEs popped higher on a largely consensus CPI print only to sink lower as fast money accounts sold into the strength.
USDi: Black gold supports short-end BEs ahead of CPI
On the eve of the August CPI release, short-end BEs got a lift from higher oil prices while longer tenors relinquished early gains.
USDi: TIPS outpace nominals as yields retrace lower
Despite another batch of hotter-than-expected data, rates reversed lower with TIPS outpacing nominals.
USDi: BEs mixed as initial beta pop largely faded
An initial beta-driven pop in BEs was largely faded, leaving BEs narrowly mixed and flatter on the day.