Australian Bonds Fall Ahead of US Inflation Data: Markets Wrap
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Australian and New Zealand bonds fell ahead of US inflation data this week. The two nations’ 10-year yields climbed three basis points in early trading Monday. US inflation data due Tuesday will be crucial for the Federal Reserve. Headline year-over-year inflation is expected to come in at 2.9%. Core inflation is set to ease fractionally lower to 3.7% on an annual basis. The S&P 500 closed above 5,000 index points for the first time. The yen is the worst performer among Group of 10 currencies this year. Oil prices rose Friday, capping five days of consecutive increases for the price of West Texas Intermediate. In Asia, data set for release includes inflation and industrial output reports for India.

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https://www.bloomberg.com/news/articles/2024-02-11/australian-bonds-fall-ahead-of-us-inflation-data-markets-wrap