2026-04-09 23:37:54
Tonight, the U.S. CPI data will be released. Traders are increasing holdings of Treasury bond options to hedge inflation risk.
Gate News message, on April 9, tonight April 10, the U.S. CPI data will be released. The market is focused on the impact of the “Iran premium” driven by the surge in oil prices. In the bond market, traders have increased their positions in options betting on upside in the 5-year and 10-year U.S. Treasury yields. A JPMorgan Chase survey shows that currently, net long sentiment in the spot market has fallen to a three-week low. In the macro backdrop, the cumulative gain in Brent crude oil this year is already close to 60%. For interest-rate expectations, the probability the market is pricing for a 25-basis-point rate cut once in 2026 is about 30%.