Bond sell-off on hold ahead of US inflation numbers

Thursday 10th February 2022View our disclaimer and terms of use: nab.co/3shJyypView our NAB Financial Services Guide: nab.co/3rvJtI9Bond yields have fallen back a bit a little ahead of US CPI numbers later on today. Phil Dobbie asks NAB’s David de Garis what he will be looking for in the data, to give a clearer picture of where inflation is heading. In particular, are we seeing signs that supply chain difficulties are easing? Central bank speakers are out in force, but its pretty clear now that few have a clear picture about the path beyond the next hike. Equities are up for a second day, driven by positive earnings, but with uncertainty over forward guidance they too will be susceptible to a move in tonight’s CPI.

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