Inflation Update, Treasury Auctions In Focus After Fitch Whirlwind

Still reeling from last week's whirlwind, bond traders' focus will turn to US inflation data and the August refunding series in the days ahead. CPI figures out of the US should show both core and headline prices rose 0.2% in July from June, a tolerable pace that'd keep the disinflation narrative alive. Recall that June's CPI report was pivotal. I should clarify: It's possible the last CPI report was pivotal. Definitively identifying turning points typically entails availing oneself of hindsigh