US 10-year borrowing costs pull back from 5%
The global bond rout took a breather as a widely anticipated U.S. inflation report met economist expectations, lifting rate-hike odds less than feared and increasing expectations the Federal Reserve may take a wait-and-see stance.
S. inflation report matched economist forecasts, lifting market odds of a rate hike while also reinforcing expectations that the Federal Reserve may take a wait-and-see approach.