The US February inflation data were posted during the previous week, and with 0,2% for the month, was in line with market expectations. However, the negative effects of the US Administration related to tariffs were reflected in the Michigan Consumer Sentiment Index, which dropped in March below market estimate. What is concerning is that consumers are now expecting the inflation of 4,9% for the year, which is much higher from previous posts. It is obvious that the tariffs-on, tariffs-off game is hurting consumers’ expectations. In addition, the FOMC meeting is scheduled for the week ahead, on March 19th, which might bring back some volatility across US markets.
The 10Y US benchmark started the previous week around the level of 4,15% and moved to the higher grounds through the rest of the week. The highest weekly level was 4,34% at one moment, but yields ended the week at the level of 4,31%. Some volatility could be expected at the beginning of the week ahead, and before the FOMC meeting. At current charts, there is still some space for the higher grounds, up to the level of 4,40%. Still, it should also be considered that some probability for 4,20% holds.
The 10Y US benchmark started the previous week around the level of 4,15% and moved to the higher grounds through the rest of the week. The highest weekly level was 4,34% at one moment, but yields ended the week at the level of 4,31%. Some volatility could be expected at the beginning of the week ahead, and before the FOMC meeting. At current charts, there is still some space for the higher grounds, up to the level of 4,40%. Still, it should also be considered that some probability for 4,20% holds.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.