Sticky Inflation Drives Yield Breakouts
Key Questions
What recent data shows sticky inflation?
ISM prices hit 84.4, CPI swaps reached 3.72%, and PCE spiked. These indicators signal persistent inflation pressures.
How are Treasury yields reacting to inflation data?
10-year and 30-year yields are forming bull flags ahead of services and jobs data. Yields jumped as oil prices turned higher.
Why did the 30-year Treasury yield top 5%?
The yield tested and exceeded 5% due to higher oil prices and building bond-market pressure. Investors weighed energy cost implications.
What drove the recent jump in Treasury yields?
Yields rose Monday as oil turned higher, pushing the 30-year above 5%. This reflected concerns over costly energy prices.
What do US inflation measures indicate?
Macro signposts reveal US inflation measures telling two different stories. Analysis from economists highlights key takeaways from data.
Hot ISM prices 84.4, CPI swaps 3.72%, PCE spikes; 10y/30y yields in bull flags ahead of services/jobs data.
Sources (3)
Updated May 7, 2026