Happy Monday Morning! A softer than expected US CPI print for the month of October. Consumer prices were up 7.7% year-over-year, and while still elevated they are decelerating. It was the biggest downside miss on the core CPI since Apr 2020. Long ways to go still but we have progress. Yields tumbled on the news, with the all important Canada 5 Year bond yield plummeting around 30bps.
Close The Gates
Close The Gates
Close The Gates
Happy Monday Morning! A softer than expected US CPI print for the month of October. Consumer prices were up 7.7% year-over-year, and while still elevated they are decelerating. It was the biggest downside miss on the core CPI since Apr 2020. Long ways to go still but we have progress. Yields tumbled on the news, with the all important Canada 5 Year bond yield plummeting around 30bps.