MARKET DAILY

Market 04/10: CPI inflation higher than forecast - 10Y bond auction fails

10Y Bond Auction Fails After Alarming Inflation Data. Global Bonds Sold Off Heavily After US CPI Report. Bitcoin halving date confirmed.

Bond yields in the market are already high due to inflation data higher than expected. Yet the High Yield in today's 10Y bond auction session was even higher:

High Yield: 4.56% (market yield: 4.529% | previous session: 4.166%)

=> High tail level: 3.1bps!

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