US10Y
BondsYield fell (bond prices rose) as the soft CPI pulled forward rate-cut bets — this is the number the whole world prices off.
- Today−7 bps
Soft CPI; markets added to 2026 cut expectations.
- Wed+4 bps
Solid auction demand faded; yields drifted up pre-CPI.
- 2 wks ago−9 bps
Growth-scare bid into Treasuries.
A 7 bps fall is a normal daily wiggle.
The 10-year lives in ±5–10 bps days; the move that matters is the trend, not the tick.
When US inflation surprises lower, what actually happens?
Across the soft-CPI surprises since 2023, the S&P rose the same session about 7 times in 10, the 10-year yield fell almost every time, and the dollar weakened. The reaction is real — and it's usually spent within a day or two as the cut-odds reprice.
Illustrative prototype data. Boredfolio explains moves and lets you practise with fake money; it does not recommend trades, and it will never tell you to buy or sell. Nothing here is investment advice.