- August PCE inflation weaker than expected
- July PCE revised down by 30 bps
- 30Y yield at 5.64% (2002 high)
- 10Y yield at 5.30%
- Market heavily discounting inflation data
- August PCE inflation data came in much weaker than expected, and July's figure was revised down by 30 basis points. Despite the soft inflation print, Treasury yields initially fell but then reversed, with the 30-year yield rising to 5.64% (highest since 2002) and the 10-year back to 5.30%. The market is heavily discounting today's inflation data.
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BORSAPLUSWhy it matters · Bull and bear case · Reaction against SPY and the sector · What to watch
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