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Analysts: US CPI data may push US bond yields in any direction

Internet reports that Tickmill analyst Joseph Dahrieh said in a report that U.S. CPI inflation data may cause U.S. Treasury yields to move in either direction. A higher-than-expected CPI could boost yields and soften recent expectations of a Fed rate cut. Conversely, weaker inflation data will lead to lower yields. He also said recent progress on a possible ceasefire between Ukraine and Russia would help increase risk appetite. Current agency surveys of analysts show that the overall and core inflation rates in the United States are expected to fall slightly in February.

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