Bond market focus shifts to energy trends, inflation data takes a back seat
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According to Golden Ten Data on March 9, bond market investors are closely watching a series of inflation reports, including the February Consumer Price Index, while surging oil prices are largely dominating capital flows in the $31 trillion Treasury market. The prolonged conflict in the Middle East may trigger the risk of a sharp rise in inflation, prompting traders to postpone expectations for a Federal Reserve rate cut this year from July to September. Although the number of job openings unexpectedly declined in February, the jump in oil prices has provided limited support to the bond market. Kevin Flanagan, Head of Investment Strategy at WisdomTree, stated: " " Federal Reserve officials will also enter the customary blackout period ahead of the March policy meeting.
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