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PCE & US interest rates
A 13 basis point (bp) sell-off in 10-year US Treasury yields in response to a perfectly in-line Personal Consumption Expenditure (PCE) inflation release was unexpected. Or at least, it is not a market reaction we would have expected.
Here is some techn...

 

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Russia-Ukraine | Spy swap deals | US PCE | Israel strike on Iran Consulate

Unexpected sell-off in Treasuries. Brent Donnelly on bond yields & macro themes