EnergyScan

US inflation jumps sharply higher… and bond yields fall further

US inflation reached 5% in May, its core component touching its highest level since 1992 at 3.8%. Yet, the market remains convinced this is only temporary. The Fed will meet next week, but the ECB announced it would prolong its extra purchases of bonds, which reinforced the market’s conviction that the Fed would also keep a dovish stance. The US 10y bond yield has fallen below 1.45%. The EUR/USD exchange rate is almost stable, below 1.22.

US inflation jumps sharply higher… and bond yields fall further
Share this news :
Share on twitter
Share on linkedin
Share on email

You might also read :

ES-oil
July 5, 2021

Diplomatic crisis

OPEC+ members did not achieved significant progress over the weekend to agree on a production policy going forward. The group is meeting today for another…
ES-oil
February 1, 2021

Saudi OSPs expected to fall

Brent prompt month futures remained range-bound on early Monday, as newly implemented European travel restrictions were anticipated to reduce gasoline and jet demand in February.…
ES-oil
July 16, 2021

European refiners back in the money?

With another decline in crude oil prices, especially at the prompt, and product prices remaining supported, European refiners are back closer to their average profitability levels.…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet?  Sign up here!

[booked-calendar]