Fixed Income Weekly Primer

Raymond James reports that Treasury yields fell last week on geopolitical optimism, despite Core PCE inflation rising to a higher-than-expected 3.8%. The market focus shifts to upcoming labor data to determine if the Fed will prioritize price stability over economic growth.

Key Takeaways

• 1.Treasury prices rose and yields fell significantly last week, with the 10-year yield dropping 12 basis points to 4.44%.
• 2.Inflation remains high and sticky, with Core PCE rising to 3.8%, exceeding both the prior month and expectations.
• 3.Fed focus may shift toward price stability and potential rate increases if upcoming job market data remains strong.

Table of Contents

• Fixed Income Weekly Primer
• Fixed Income Solutions

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