Because nothing says "sell bonds" like a dismally low inflation print. From the moment CPI printed (lower than expected), Treasury yields started to rise and accelerate higher as traders reflect on the chances of a delayed Fed rate hike... bad-enough news is bad news for bonds (for now) and stocks...
10Y yields jump on lowflation...
and stocks slid...
The long-end is underperforming notably as 2Y limps higher..
Charts: Bloomberg



