Crude and bond yields make fresh highs as inflation bets repriced
European mid-session trading saw crude oil and bond yields push to recent highs as markets repriced the inflation outlook. Home Depot is expected to offer an early read on consumer conditions.
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Crude oil and government bond yields climbed to recent highs during the European mid-market session, with traders repricing the inflation read-through.
Higher energy prices and rising yields suggest markets are adjusting expectations around inflation. The move comes as investors watch for signals on how price pressures may affect consumer demand.
Home Depot is set to offer a first look into the state of the consumer with its upcoming update, which could shape sentiment around household spending.
Source: FXStreet Forex News