Analyst: US CPI data could push US bond yields in either direction

Odaily News Joseph Dahrieh, an analyst at Tickmill, said in a report that US CPI inflation data could move US Treasury yields in either direction. Higher-than-expected CPI could boost yields and temper recent expectations of a Fed rate cut. Conversely, weaker inflation data would lead to lower yields. He also said that recent progress on a possible ceasefire between Ukraine and Russia would help boost risk appetite. Current institutional surveys of analysts show that US overall and core inflation rates are expected to fall slightly in February. (Jinshi)