0547 GMT - J.P. Morgan strategists recommend investors unwind 10- to 30-year U.S. Treasury flattener positions ahead of event risks--CPI data and Federal Reserve Chairman Kevin Warsh's inaugural testimony in front of Congress. "Front-end Treasury yields rose 6 basis points and the curve flattened by 3 basis points following further escalation in geopolitical tensions and hawkish Fed commentary," the strategists say. Fed governor Christopher Waller laid out his concerns that recent elevated inflation could become imbedded in expectations. Waller said if the CPI release continues to show core inflationary pressures, the Fed would "need to consider tightening monetary policy in the near term." (emese.bartha@wsj.com)
(END) Dow Jones Newswires
July 14, 2026 01:47 ET (05:47 GMT)
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