* Treasuries have pared minor gains seen in Asia hours to leave them almost exactly unchanged over...
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Portugal HICP rose to 3.1% Y/Y in December, its highest since June 2024 and notably above November's 2.7%. The national CPI measure also saw some acceleration, both on headline (3.01% vs 2.47% Nov) as well as on core (2.80% vs 2.61% Nov). Behind the higher CPI headline, Statistics Portugal identifies energy and unprocessed food as the predominant drivers.
Greenback headed into the NY crossover at the session's lowest levels - while FX markets seemed to shrug off the recovery in yields into the Friday close, the dollar's certainly chasing the US 10y yield lower so far today, with EUR/USD through to print 1.0450 and GBP/USD just above the 1.2600 handle.
SOFR FIX - Source BBG/CME | ||
1M | 4.33704 | -0.01997 |
3M | 4.31044 | -0.01834 |
6M | 4.26230 | -0.02263 |
12M | 4.20684 | -0.03247 |