MarketPR
Bond markets are in focus after stabilising from a global sell-off, with traders responding to a decline in oil prices as the catalyst behind the calmer session.
The next number that matters for the setup is US inflation data, and markets are now positioned around that release. The sell-off had been global in scope.
Oil prices moving lower gave traders a reason to pause the selling, and that shift in energy costs carries direct weight for how the market reads the inflation figures now approaching.
The reaction to the actual US inflation print will set the direction for what comes next in bonds.
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