US Treasuries market softer data supports front end; long-end yields remain elevated on fiscal risk
US Treasuries market softer data supports front end; long-end yields remain elevated on fiscal risk Weekly bond market update: Softer data but the long end doesn’t care Weekly bond market update: Softer data but the long end doesn’t care Cooling inflation and slowing wage growth are supporting the front end of the curve, but fiscal risk and heavy Treasury supply continue to keep long-term yields elevated. • Inflation and labor pressures are easing : Three-month core inflation is around 1.7% annualized, while wage growth is at a five-year low. ...