US inflation data is set to determine the fate of traders betting on higher US yields, which have steadily risen in response to a strong jobs report and rising earnings growth. The latest Consumer Price Index (CPI) figures will provide crucial insight into whether interest rates will continue to climb or remain stable. Following steady increases since Friday’s data revealed a healthy labor market and faster-than-expected earnings growth, traders who have been wagering on higher yields are now facing their first major test.
Source: https://www.bloomberg.com/news/articles/2025-02-11/traders-betting-big-on-higher-us-yields-face-crucial-cpi-data