Dip Buyers Emerge After Wall Street’s CPI-Led Rout: Markets Wrap
Written by Black Hot Fire Network on February 14, 2024
(Bloomberg) -- A renewed wave of dip buying sent stocks and bonds higher on Wednesday after losses triggered by an unexpected pickup in US inflation.
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The rebound in Treasuries was led by shorter maturities and followed a selloff fueled by a reset in Federal Reserve rate-cut bets. With that adjustment, the premium traders are paying to hedge a sustained rise in long-end yields . . .
