
Linea Mercati Interview 6/11/24
June 12, 2024
Flat US May CPI boosts confidence that Fed is reining in inflation
June 12, 2024As Treasury yields decline on soft U.S. inflation, Spartan’s Peter Cardillo says the 10-year could fall under 4.25% after today’s data suggesting the accelerating inflation of the past four months “is behind us.” The core 12-month CPI slowed to 3.4% in May from 3.6% in April. The data weakened yields. The 10-year was recently 0.103 percentage point lower, at 4.300%, according to Tradeweb. The two-year had an even deeper fall, losing 0.135 p.p. to 4.697%, on pace for its largest one-day loss since December.





































































































