CPI Data Pushing Yields Higher
By:
Matthew Graham
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After a few days where it's been somewhat challenging to sort through the most relevant market movement considerations (war vs Fed speakers vs technicals), we finally have a logical, obvious correlation between a known market mover and the resulting market movement. While the edification of "data dependency" is nice to see, the direction of the movement isn't as nice. In today's case, a moderately hotter CPI reading brings an end to two days of rally momentum and is currently pushing yields higher.