TRA Macro Tracking Index

On a day where equities tepid, yields and the dollar rose, indicating ongoing concerns around this week's CPI prints (tomorrow we get PPI ,which will help us gauge inflationary momentum more broadly). Looks like absent a dramatic shift in some part of the economy, rates are likely to march higher next month. We'll keep track as we get closer as to the magnitude of potential hikes.

Stay tuned as always!