After Hot CPI, Real Yields Rose but Breakevens Fell
The 10-year pushed near 5% after August CPI, but breakevens fell. Real yields did the work — a bond-market vote of confidence in the Fed.
august 2026 cpi
August CPI Runs Hot on Gasoline; Core Cools to 2.4%
August CPI headline hit 0.4% MoM (3.4% YoY) on a 3.9% gasoline surge, but core cooled to 2.4% YoY. Bond market barely moved; futures rallied.