MARKET DAILY

Market 10/11: Long-Term Bond Yields Retreat from Alarm Levels

Inflation data hotter than expected but sentiment on consumer demand cools

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Key highlights:

  • Producer inflation hotter than expected, food prices surge sharply

  • Consumer expectations decline, inflation rises

  • Tesla: Robotaxi impressive but lacks details

  • JPM: Net interest income unexpectedly grows

  • Wells Fargo: Better earnings, weak revenue

  • Market breaks all-time high, bond yields temporarily retreat

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