TechFlow, December 18 — According to Jinshi Data, analyst Anstey said that U.S. Treasury yields have rebounded from earlier lows, while stock index futures have seen only limited gains since the CPI data release. Investors likely recognize there is still a long way to go before the Fed's rate decision on January 28. U.S. interest rate strategist Ira Jersey noted that the low year-on-year CPI reading will make it easier for dovish members within the Fed to argue for further rate cuts if December economic data remains weak. Following initial position unwinding, this should trigger a certain degree of bull steepening in the yield curve.
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