Key Events This Week: Inflation, Infrastructure And Fed Chatter
As we hit the dog days of summer, it is all about US inflation this week after a strong US payroll report on Friday according to DB’s Jim Reid, who notes that it has been quite telling that the treasury market has shrugged its shoulders and then rallied at two of the largest inflation beats in modern history over the last couple of months but did see a +7.3bp sell-off after Friday’s stronger than expected employment report.