DoubleLine reposted this
In State of Flux we noted, “The current market setup creates an interesting proposition for U.S. Treasury investors in that should U.S. economic data, particularly the inflation data, soften over the coming quarters we would expect to see a rally in U.S. Treasuries.” On June 12th, we received some of that in form of a soft consumer price index (CPI) data print which fueled financial markets. Since the CPI release, benchmark U.S. 10-year Treasury yield have declined 13 basis points (bps) and S&P 500 futures have risen 1.7%. #economy #supercore #rates
Macro data and analytics - MSc Economics USC
1moGreat chart!