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Another Fresh Cycle High For Out Weighted U.S. Real Yield Monitor

US TSYS/TIPS

No real surprise that the reaction to Tuesday’s CPI release and the subsequent repricing of Fed tightening expectations (which included a shift towards the potential for a 100bp hike in September and another fresh cycle high for terminal rate pricing) resulted in another cycle high for our weighted U.S. real yield monitor. That was before the cheapening observed in the wake of the CPI print facilitated solid demand at the latest 30-Year Tsy auction, which allowed the measure to retrace away from session highs ahead of the close.


Fig. 1: MNI Weighted U.S. Real Yield Monitor

MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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