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Bonds Gaining, StL Fed Bullard "Good Shot at Beating Inflation"

US TSY FUTURES
Tsy futures gaining, look to test overnight highs, USH3 at 124-14 (+11) vs.124-15 high.
  • StL Fed Bullard speaking on CNBC sees sees "tough road ahead" on inflation, rates reaching 5.375%, he states "we have a good shot at beating inflation in 2023", while market may be overpricing chances of recession.
  • Stocks gaining as well, ESH3 +9.25 at 4015.00

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