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Podcast: The Dividend Cafe
Episode: The DC Today - Tuesday, November 14, 2023
Description: Today's Post - https://bahnsen.co/47wGQI7
Markets rallied huge today as bonds rallied in the aftermath of the CPI report.
Interest rates went into total free fall (the 10-year is down a stunning -18 basis points, and the entire 2/10 curve is down 18-21bps in what may be the biggest bond rally of the year and possibly several years) as the CPI number came in at, wait for it, +0% month-over-month (headline inflation). The core number (excluding food and energy) was +0.2% on the month versus +0.3% consensus expectations. Year-over-year, the core CPI was +3.2% versus +3.3% ex-expected.
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