DailyBubble News
DailyBubble News

Bonds Ready to go Big in Either Direction

Bonds are poised to make a significant move in the market, with the potential to go big in either direction. On Tuesday, May 14, 2024, at 4:45 PM, investors are eagerly anticipating the upcoming developments.

If you had to choose just one day per month to focus on the bond market, Wednesday, May 15 would be the day to watch. Last month, it was April 10, and going forward, it’s crucial to pay attention to the Consumer Price Index (CPI) data. Today, the Producer Price Index (PPI) report left the market eager for more, with a mix of disappointing numbers and positive revisions. The direction of the market on Wednesday remains uncertain, but one thing is clear – the potential impact of the economic data release is significant.

Key points to note from the latest data include a higher than expected Core PPI month-over-month figure and revisions to the previous month’s data. Market movements throughout the day have shown some initial weakness followed by recovery, with steady gains as the day progressed.

For real-time updates and alerts on MBS Commentary and Treasury prices, consider downloading our mobile app. Stay informed and on top of market developments with ease.

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