US Equities: Stocks recovered from their post-CPI losses, with the Nasdaq 100 inching up 0.2% to 16,821 while S&P 500 sliding 0.1% to 4,780, amid falls in Treasury yields. The US earnings season starts, with JPMorgan, Bank of America, Wells Fargo and Citigroup, among others, reporting today. Fixed income: In spite of a hotter-than-expected CPI report, Treasury yields finished the session lower, led by a 11bp decline in the 2-year yield to 4.25%. The 10-year yield fell 6bps to 3.97%. Investors brushed off the CPI prints, considering them not consequential to the Fed’s inclination to cut rates. The $21 billion ... (full story)