Treasury yields rise but quickly retrace
The slight beat on core m/m inflation wasn't enough to sustain a sell off in bonds (and corresponding rise in yields).
US 2-year yields nearly hit 1.30% on the headlines but have retraced to 1.294% and unchanged on the day.
It's the same thing right across the curve from 2s to 30s.
One negative signal was a series of downward revisions to personal income. That argues that the latest rise in consumer spending isn't sustainable.
h/t @zerohedge for the chart.
