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Yields Buoyed, StL Fed Bullard Returns Thursday

US TSY FUTURES
Futures extending post-minutes lows in late trade -- across the board -- but still well off early session levels as markets grapple with pricing in prospect of more aggressive policy if inflation persists (CPI +7.9% March YoY while the Fed's preferred PCE measure +6.4% in Feb YoY). 30YY currently 2.6412% +.0683.
  • "Many participants noted that one or more 50 basis point increases in the target range could be appropriate at future meetings, particularly if inflation pressures remained elevated or intensified."
  • Coming full circle -- StL Fed Bullard will talk about US economy/mon-pol at U of Missouri event tomorrow at 0900ET, text and Q&A.

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