Bond Yields Rise as CPI Data Unfolds

This morning’s big economic report — one of the most important prints of the entire month — came in hotter than expected, which is causing pre-market futures to take a bath in red ink. January Consumer Price Index (CPI) numbers came in higher than estimates on every single metric, and the slight pre-market sell-off has plummeted in a matter of minutes.Headline CPI month over month reached +0.3%, higher than the +0.2% expected and the downwardly revised print for December. This is the biggest inflation read ...