Market Comment | Encouraging US economic data fuelled upward trend in US sovereign yields

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A barrage of positive economic data in the US bolstered optimism and reinforced the upbeat mood in markets caused by yesterday’s speech by Janet Yellen. US core inflation (see) and retail sales (see) beat expectations in January. These encouraging economic data along with investors’ perception of Yellen’s speech as hawkish (see), significantly pushed up implied […]

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