Daily Archives: May 9, 2019 at 07:27 am EDT

Treasury Market’s Inflation Outlook Eases Ahead Of CPI Report

The widely followed 5-year Treasury market’s implied inflation forecast fell to a six-week low ahead of tomorrow’s April update on the Consumer Price Index (CPI). The softer outlook for pricing pressure could be noise that’s linked to the US-China spat over trade. Alternatively, the market is pricing in higher odds that the already subdued inflation trend is set to ease further in the months ahead.
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Macro Briefing: 9 May 2019

A Constitutional crisis lurks in battle between Trump and Congress: CNN
House votes, along party lines, to hold Attorney General Barr in contempt: The Hill
How many Trump investigations is Congress overseeing? A lot: Politico
N. Korea fires another missile on Thursday: CNBC
Trump says China ‘broke the deal’ on trade: Bloomberg
US and China to resume negotiations ahead of possible tariff increase on Fri: AP
US-led naval drills in S. China Sea pose challenge for Beijing: Reuters
China’s consumer inflation rate rose to six-month high in April: SCMP
1yr growth rate for US business lending eased in March; first dip in 6 months