How The Market Responds To US CPI May Set The Near-Term Course – Investing.com
- Date: 12-Jan-2022
- Source: Investing.com
- Sector:Retail
- Country:Middle East
How The Market Responds To US CPI May Set The Near-Term Course – Investing.com
US stocks built on the recovery started Monday and of letting the balance sheet shrink later this year eased some speculation of a fourth hike this year, which seemed to allow the Treasury market to stabilize; what amounted to a greater appetite for risk carrying over into Asia Pacific activity today.
Many of the large bourses advanced more than 1%, with the up almost 2.8% and the up also. Bond yields pulled back mostly 2-4 bp in the region, but higher (3.8% vs. 3.1%) saw the fall by six basis points.
Europe's opened higher but stalled, while US futures recovered from initial weakness to move higher. European yields were around 2-2.5 bp lower. was under-performing as new supply seemed to be weighing on prices. The US was hovering near 1.74%.
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