Bonds Rally on Month-End Trading and Friendly Inflation Data

Bonds Rally on Month-End Trading and Friendly Inflation Data

Bonds Rally on Month-End Trading and Friendly Inflation Data Bonds began the day in unchanged territory and made cautious gains after reasonably friendly inflation data.  PCE was a bigger factor than the Consumer Sentiment inflation expectations, but both contributed.  Given our position on the calendar, we should also consider the impact of month/quarter-end positioning. It would help account for some of this week's resilience in US bond markets relative to the suggestion of equities markets or EU bonds.   Econ Data / Events Core PCE Inflation