Core consumption rose, Treasury yields pull back
Treasury bonds are still in downtrends, and thus yields are still in uptrends. So the inflation play is technically not yet broken from a Treasury bond POV. But it is interesting how the inflation trades continue to unwind (check out commodity tracker DBC ticking a new low today after failing to get back above its daily SMA 50) and bonds are on the other side, for a day at least.
You can click the image to get the article at CNBC if you’d like. But the larger message is that the herd is on this headline’s side of the boat while the indicators continue to slip.
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