Analyst: US CPI data may push US bond yields in any direction

On March 12, Jinshi data, Tickmill analyst Joseph Dahrieh said in a report that US CPI inflation data may cause US bond yields to move in any direction. Higher-than-expected CPI may boost yields and ease recent expectations of a rate cut by the Fed. Conversely, soft inflation data will lead to a decline in yields. He also said that progress in a ceasefire between Ukraine and Russia in the near future could help boost risk appetite. Currently, surveys of institutions show that overall and core inflation rates in the US in February are expected to slightly decline.