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Early Morning with Dave

Three Standard Deviation Move in Yields is Hard to Believe

The bond market's reaction to CPI was a three standard deviation move

David Rosenberg's avatar
David Rosenberg
Apr 11, 2024
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Highlights

• The bond market's reaction to CPI was a three standard deviation move

• Non-cyclical segments drove the report, which are out of the Fed’s control

• Energy Storage and Transportation industry offers a great risk-reward profile

• A divergence in fixed income markets says to focus on safety and quality

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