Bond Market Reacts to Unexpected U.S. CPI Increase in January

According to Odaily, the U.S. bond market experienced significant sell-offs following an unexpected rise in the Consumer Price Index (CPI) for January. This development led to a sharp increase in SOFR futures yields, which rose by as much as 9 basis points during the day, having been relatively stable before the data release. Concurrently, the U.S. dollar surged, stock index futures plummeted, and the yield curve flattened.