CROSS ASSET: Bonds spike higher, USD dip lower post US Retail sales
Feb-14 13:39
* A 17 ticks spike in Bund following the lower than expected US Retail sales, but the higher revis...
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US DATA: Supercore CPI At Low End Of Expectations
Jan-15 13:37
- Core services excl OER & primary rents ('supercore'): 0.205% M/M after 0.342%. Latest 3mth av of 0.287%
- Limited analyst estimates for ex OER & rents had averaged 0.27% M/M, ranging from 0.20 to 0.36
- Core services excl all shelter: 0.282% M/M after 0.233%. Latest 3mth av of 0.284%
- This comes with lodging away from home slipping -0.95%.
US DATA: Headline Slightly Higher Than Expected On Energy
Jan-15 13:37
The slight miss on core (0.23% vs 0.24% expected) came as supercore inflation was below expected (0.21% vs 0.25% consensus, 0.34% pri).
Headline was a slight beat at 0.39% (0.38% expected) with food a little softer than expected and energy slightly above (see table):
CROSS ASSET: A broader bid in Bonds and Equities.
Jan-15 13:36
- A 25 ticks jump in Bund, Equities and the EUR are also bid, with the Dollar going offered following the slightly lower than expected US Inflation Data.
- TYH5 has pushed higher, but still just short of where the contract was trading last Friday pre NFP, so far printed a 108.01 high.
