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Needless to say the major indices are trading higher in early New York trading after better-than-expected CPI. The gains are led by the NASDAQ which is up over 2% on the day. A snapshot of the market currently shows:
US yields are lower led by declines in the short end as expectations for a 75 basis point hike get priced out of the market. Today the US treasury will auction off 10 year notes at 1 PM ET. Tomorrow they will auction off 30 year bonds at the same time.
Looking at other markets: