US Bond Market Experiences Brief Reprieve on Inflation Report

The global bond market experienced a brief reprieve on Friday after the US inflation report met economist expectations, causing Treasury yields to decline.

US stock indexes rose by 1% or more following news that consumer inflation increased 0.4% last month and 3.4% in the past 12 months.

Treasury Secretary Scott Bessent's unusual buyback of Treasury securities failed to ease investor anxiety over US fiscal deficits, corporate bond issuance, and the nation's $40 trillion debt milestone.