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Tsys Holding Lows, StL Fed Bullard on Fed Inflation Credibility

US TSYS

Tsys drifting lower (30YY taps 3.9411% high), short end off low (TUH3 101-19.38 vs. 101-18.25 low). Meanwhile, equities moving OFF session lows (ESH3 at 3972.75.
No market react to StL Fed Bullard comments on inflation: Bbg headlines:

  • Markets expect inflation to come under control and quarters and years ahead
  • Soft landing is feasible in the US
  • Inflation expectations are now near levels prevailing before the 2021 inflation

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