Bond yields consolidate ahead of Dec inflation readings
Bond yields will trade in a flattish trend till the inflation data," said Anuj Bhala, head of rates trading at SBM Bank (India). "Federal budget will act as a major directional trigger.The U.S. reading comes after weak economic data has raised bets of a slowdown in rate hikes from the Federal Reserve. The Fed has raised interest rates by 425 bps in 2022 and is set to take the same above 5% in 2023.
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