#Liquidity101

📈 The yield on US bonds is rising — the market is preparing for new inflation data

The US Treasury bond market is reacting to stronger-than-expected employment data. Investors are reducing bets on a rapid decrease in the Federal Reserve's key rate.

🔹 In May, 139,000 jobs were created (expected 125,000).

🔹 Unemployment remained at 4.2%.

🔹 The yield on 10-year bonds rose to 4.507% (+15 b.p. for the day).

🔹 Two-year bonds — to 4.039%, which reduces the likelihood of a softer monetary policy.

🔹 Wells Fargo forecasts inflation at 3.3% in May (year-on-year), indicating potential acceleration #cpi

💬 The market is already in wait mode — and inflation will be a decisive argument for the Fed's next move #Macro