Collective Bias Says To Sell, Not Buy Treasuries

In the week ahead, the U.S. rates market is poised to respond to the January inflation data, says Larry Shover. He discusses how stocks set to close the week negative. He talks about the economic data to watch for next week, highlighting Micro 10-Year Yield Futures (/10Y). He also notes that core inflation will either point the Fed to push further into restrictive territory, or reflect progress policymakers made toward securing the anchor of inflation expectations. He then goes over how the treasury market has not lacked for new information over the past week, and the week ahead will be similarly consequential. He mentions that the collective bias among market participants has shifted from buying to selling treasuries. Tune in to find out more about the stock market today.