Markets US December CPI numbers avoided a feared acceleration and triggered a cross-asset relief move. The big reaction was more about repositioning rather than the actual data. Headline CPI (0.4% M/M, 2.9% Y/Y) was in line with consensus while core CPI (0.2% M/M, 3.2% Y/Y) was only just below expectations. US yields lost 9.6 bps […]
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