Relax guys; all these neo-conservatives are not innovative thinkers; sooner than later; these bond yield will go much higher; or the Taxes; War economy is near its end.
Don't quote me on this; but i think YoY 0.3% raise in wages is pretty average number.
Checking my local government worker's new contract is about 9% over 5 years.
YoY 3.5%
MoM 0.3%
YoY 2.2% ex. oil and food
MoM 0.2% ex. oil and food
Still 0.1% higher than consensus; How long can Bonds rally until it hits the wall?
It is pretty extremes; bonds ignore these inflation number; maybe; USD can go much lower;
People already have gone on street to strike; mainly cause the inflation; Haven't you heard the news?
If it wasn't the inflation; these workers wouldn't ask for a raise; would they?
Awesome; I was watching the EUR/USD at same time; and there is no bids until 1.4367 for couple of ticks.
anyway; Taking some shorts on these ZF/ZN right after they had pop up works for me.