🎯 Inflation data blew up, but Treasuries acted like they didn’t see it
📰 U.S. September CPI jumped to 3.7% and PPI to 6.3%, both topping expectations, while 10-year Treasuries rose for just one day before retreating to 5.05%
💬 In the past, data like this would send the long end soaring. This time, it quickly gave back the gains. The market is no longer pricing in inflation; it’s focused on AI capital spending. The same goes for crypto: bad data isn’t the point—what matters is whether money believes in the next story.
🏷️ #美债收益率 #CPI #AI资本开支 #Macro
📰 U.S. September CPI jumped to 3.7% and PPI to 6.3%, both topping expectations, while 10-year Treasuries rose for just one day before retreating to 5.05%
💬 In the past, data like this would send the long end soaring. This time, it quickly gave back the gains. The market is no longer pricing in inflation; it’s focused on AI capital spending. The same goes for crypto: bad data isn’t the point—what matters is whether money believes in the next story.
🏷️ #美债收益率 #CPI #AI资本开支 #Macro