UST Traders Focus on “Weak” Inflation in GDP Data (1.3% Core PCE Price Growth)

(Bloomberg) — U.S. GDP growth almost a full percentage point above consensus brought only a short-lived uptick in Treasury yields in early New York trade, as Treasury traders seized on another tame inflation reading.

infl

Tame inflation? As in 1.3% Core PCE Price growth?

corepce

Then we have the dollar and commodity index diverging.

dollarwise

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