Before the release of CPI, commodity prices soared🗣️
While we await CPI data, crude oil, natural gas and a number of other commodity prices have surged over the past month, with European gas prices up more than 30% (EU Gas +28%, U.S. Gas +28%) on concerns about Australian gas supply disruptions +7%); however, despite the violent intraday fluctuations in the stock market, the trading volume in the fixed income market was still only about 65% of normal levels. On the other hand, despite the expansion of the issuance size by US$2 billion, the 10-year U.S. bond auction Performance is still pretty good.
