Caprin’s Trading Desk evaluates the Macro and Muni markets weekly and produces valuable information and advice for you and your clients’ fixed income portfolios.
Despite a late-week rally on the heels of a collapsing Turkish Lira (lower by nearly 30% over the last 5 days) US Treasury yields remained well within their near-term ranges. The 10YR UST has now traded within a 12bp window since late-May as market participants struggle to reconcile better than expected US growth with muted global inflation readings and geopolitical/trade tensions.
Helping stem some of the flight to quality rally in US rates was the higher than anticipated reading on July consumer prices. The Core CPI index rose to 2.4% during the month, a level not seen since … READ MORE!
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