-
Why Yields Will Remain Under Pressure
Treasury investors got some relief yesterday simply from not getting shocking inflation figures in data released by the US Bureau of Economic Analysis. Both the headline and core measures for Personal Consumption Expenditure inflation, the Federal Reserve’s favorite index, were as expected in April and maintained a pace comparable to March. To markets that had witnessed inflation measures turn upward in the first three months of the year after Chairman Jerome Powell had suggested in December that inflation was being beaten, that spelled relief. It was not all roses, however. To be more precise with the ... (full story)