Today, we will monitor the U.S. CPI data. A data point below expectations could support a decline in bond yields. With a result close to expectations, the market’s reaction will be decisive. A data point above expectations will reignite interest rate pressures. Additionally, the Treasury’s long-term bond buyback may provide technical support to the market, but it will not eliminate high inflationary pressures. Today, it’s more important to be prepared for the market’s reaction to the data than the data itself.
