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US inflation rattles rates and currencies markets

Published 02/14/2018, 09:28 AM
© Reuters.  US inflation rattles rates and currencies markets
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  • Market took Jan CPI report negatively, with a sell off across the yield curve, and a rally in the Dollar.
  • Short term rates sold off hard, with both Dec. Fed Funds and Eurodollar futures down over 6bps on the day. (NYSEARCA:BSV),(NYSEARCA:SHV)
  • The belly of the curve sold off as well with 10Yr futures down 0.28% (NYSEARCA:TLT) and the long end was down with 30Yr futures down 0.26% (NYSEARCA:TBF),(NYSEARCA:TBT)
  • On the currency front, the Euro is down 0.38% partially due to softer E.U. GDP data, but fell further after U.S. inflation numbers, and the Sterling reacted similarly and is now down 0.42%,
  • Overall the U.S. Dollar index is up 0.19%
  • Now read: Velocity Of Irrelevancy


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