Trial now
USDCAD TECHS

Stronger In a Range

AUDUSD TECHS

Weaker In A Range

US TSYS SUMMARY

Ending The Week On A Soft Note

EURJPY TECHS

Bearish Risk Growing

USDJPY TECHS

Stronger, But Still Vulnerable

US

SP500 PE Ratio vs. CPI Inflation

Sign up now for free access to this content.

Please enter your details below and select your areas of interest.

In the wake of Thursday's CPI print J.P.Morgan note that "breakevens outperformed versus the carry implications of the print and the beta-adjusted move in yields. Across the curve, 5-, 10-, and 30-year breakevens widened 5bp, 3bp, and 2bp, respectively, only partially retracing the underperformance of recent sessions. At current levels, the forward curve is priced for very little overshoot of the Fed's 2% PCE target beyond this year, and breakevens remain cheap versus our fair value model. Nonetheless, we remain neutral on TIPS over the near term ahead of next week's FOMC meeting."