Treasuries exploded on the release of the "inflation" figures for December. Those were rather unremarkable, taken in isolation wouldn't have been able to explain why such a heavy market reaction. There is much more to the CPI and what's going on in the bond market.
Eurodollar University's Money & Macro Analysis
Bloomberg Why Some Bond Traders Bet Relentless Selloff Will Soon Lose Steam
https://www.bloomberg.com/news/articles/2025-01-14/bond-traders-wager-slump-set-to-ease-with-key-cpi-data-ahead
Bloomberg Fed’s Barkin Says CPI Data Show Inflation Headed Toward 2% Goal
https://www.bloomberg.com/news/articles/2025-01-15/fed-s-barkin-says-cpi-data-show-inflation-headed-toward-2-goal
Bloomberg Fed Finds New Reason for Confidence in Obscure Inflation Gauge
https://www.bloomberg.com/news/articles/2025-01-09/fed-finds-new-reason-for-confidence-in-obscure-inflation-gauge
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