The CPI showed a higher than expected rise of 0.4% for core inflation versus 0.3% expected.
The headline number was up 0.6% as expected
The YoY for core was higher-than-expected had 2.8% versus 2.7%. The US yields have actually dipped a bit vs pre CPI levels. The two year yield is at 3.962%, up 1.5 basis points.
The 10 year is up 1.1 basis points at 4.422%. US stocks in premarket trading are a little bit better but still lower on the day with the NASDAQ down -208 points and the S&P down -20 points. Looking at the US dollar, the EURUSD retested it’s a 200 hour moving average at 1.1736, but is trading backup at 1.1745 currently.