Soaring CPI & Extreme Pre-Positioning Sparks Massive Swings Across Markets

CPI (soaring food and shelter costs) slammed the markets hard…but pre-positioning sparked a massive reversal everywhere… Source: Bloomberg Sheesh, that escalated quickly… The day started off well with a series of headlines from the UK that Truss and Kwarteng would fold on tax cuts. Gilt and Linker yields tumbled as BoE accepted offers rose to […] Source