Daily Market Updates: Bonds edge higher ahead of Wednesday CPI data

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Bonds edge higher ahead of Wednesday CPI data

Mortgage News Daily cites a modest improvement Tuesday and notes bonds may react more readily if CPI prints tame.

Reported · Written up by our desk · Inflation

Mortgage News Daily reports that bonds improved modestly on Tuesday, a showing the outlet characterized as somewhat resilient and optimistic ahead of Wednesday’s CPI release.

The outlet pointed to oil’s move, saying the usual correlation suggested less improvement because oil closed higher on the day.

Mortgage News Daily also said bond rallies can be harder to sustain during the first half of an auction cycle week, though it suggested Tuesday’s strength could be an early sign.

Still, the outlet cautioned that a “spicy” CPI could push back against the optimistic narrative, implying market direction hinges on the inflation data outcome.

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Mortgage News DailyBonds Looking Somewhat Optimistic Ahead of CPI

Bonds & Rates

Bonds edge higher ahead of Wednesday CPI data

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