{"id":62140,"date":"2025-07-16T06:39:04","date_gmt":"2025-07-16T06:39:04","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=62140"},"modified":"2025-07-16T06:40:34","modified_gmt":"2025-07-16T06:40:34","slug":"long-bonds-fall-as-cpi-rises-stocks-and-gold-remain-bullish","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2025\/07\/16\/long-bonds-fall-as-cpi-rises-stocks-and-gold-remain-bullish\/","title":{"rendered":"Long bonds fall as CPI rises, stocks and gold remain bullish"},"content":{"rendered":"<h4>Summary<\/h4>\n<ul>\n<li>Global long bond yields are rising, driven by fears over government debt levels<\/li>\n<li>A sharp jump in services CPI warns of rising inflation in the broad economy<\/li>\n<li>Strong liquidity boosts demand for stocks and for gold<\/li>\n<\/ul>\n<hr \/>\n<p>Global long bond yields are rising, driven by fears over government debt levels.<\/p>\n<p>Japan&#8217;s 30-year JGB yield jumped to a record 3.20% on Tuesday as opposition parties favoring tax cuts and loose monetary policy are expected to gain influence after the July 20 election. (<a href=\"https:\/\/www.reuters.com\/markets\/asia\/japan-election-angst-has-bond-investors-girding-jump-super-long-yields-2025-07-14\/\">Reuters<\/a>)<\/p>\n<p>German 30-year government bond yield is testing resistance at 3.26%, the highest since 2011. Investor concerns are focused on increased debt issuance\u2014to fund defense and infrastructure spending\u2014and rising international rates. (<a href=\"https:\/\/www.reuters.com\/markets\/europe\/german-30-year-yield-hits-21-month-top-continuing-steady-march-higher-2025-07-14\/\">Reuters<\/a>)<\/p>\n<p>The 30-year US Treasury yield is testing resistance at 5.0%, the highest since 2007. The monthly charts below provide a long-term perspective.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-15-tyx-m.png?resize=525%2C404&#038;ssl=1\" alt=\"30-Year Treasury Yield\" width=\"525\" height=\"404\" \/><\/p>\n<p>10-year Treasury yields are expected to follow, testing resistance at 5.0%.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-15-tnx-m.png?resize=525%2C404&#038;ssl=1\" alt=\"10-Year Treasury Yield\" width=\"525\" height=\"404\" \/><\/p>\n<p>Rising yields are driven more by long-term structural issues than immediate concerns over an uptick in inflation.<\/p>\n<h2>CPI Inflation<\/h2>\n<p>CPI growth jumped to 2.7% for the twelve months to June, while core CPI, excluding food and energy, increased by 2.9%.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-15-cpi-core.png?resize=525%2C372&#038;ssl=1\" alt=\"CPI &amp; Core CPI - Annual\" width=\"525\" height=\"372\" \/><\/p>\n<p>Sticky price CPI and the 16% trimmed mean, reflecting underlying inflationary pressures, jumped to 2.5% and 3.2% respectively.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-15-cpi-core-sticky-tm.png?resize=525%2C372&#038;ssl=1\" alt=\"Sticky CPI\" width=\"525\" height=\"372\" \/><\/p>\n<p>More surprising was the sharp rise in CPI for services, excluding shelter, which is less affected by tariff increases than goods. The June figure is close to a 7.0% annual growth rate.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-15-cpi-services.png?resize=525%2C372&#038;ssl=1\" alt=\"CPI Services excluding Shelter Rents\" width=\"525\" height=\"372\" \/><\/p>\n<p>This confirms the earlier ISM Services PMI, which showed a sharp rise in the Prices sub-index in May and June. According to the ISM, fourteen of eighteen service industries reported increased prices paid in June. (<a href=\"https:\/\/www.ismworld.org\/globalassets\/pub\/research-and-surveys\/rob\/nmi\/uglyrob202506svcs.pdf\">ISM<\/a>)<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-15-ism-services-prices.png?resize=525%2C266&#038;ssl=1\" alt=\"ISM Services Prices\" width=\"525\" height=\"266\" \/><\/p>\n<h3>Energy<\/h3>\n<p>Energy CPI showed negative growth for the twelve months to June, contributing significantly to the overall low headline CPI rate.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-15-cpi-energy.png?resize=525%2C372&#038;ssl=1\" alt=\"CPI &amp; CPI Energy - Annual\" width=\"525\" height=\"372\" \/><\/p>\n<h3>Shelter<\/h3>\n<p>Shelter CPI comprises 35% of headline CPI. However, compared to the Case-Shiller 20-City Composite Home Price Index below, we find the index highly artificial and misleading.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-15-cpi-shelter.png?resize=525%2C372&#038;ssl=1\" alt=\"CPI Shelter\" width=\"525\" height=\"372\" \/><\/p>\n<h3>Food<\/h3>\n<p>Food CPI growth increased in June to an annualized rate of 3.8%.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-15-cpi-food.png?resize=525%2C372&#038;ssl=1\" alt=\"CPI Food\" width=\"525\" height=\"372\" \/><\/p>\n<h2>Stocks<\/h2>\n<p>The S&amp;P 500 eased slightly in response to the CPI increase, but this is hardly noticeable on the monthly chart below.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-15-spx.png?resize=525%2C404&#038;ssl=1\" alt=\"S&amp;P 500\" width=\"525\" height=\"404\" \/><\/p>\n<p>The Dow Jones Industrial Average retreated from resistance at 45K. However,\u00a0 rising Trend Index troughs signal long-term buying pressure, and a breakout above 45K would confirm the S&amp;P 500 bull market signal.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-15-dow.png?resize=525%2C404&#038;ssl=1\" alt=\"Dow Jones Industrial Average\" width=\"525\" height=\"404\" \/><\/p>\n<h2>Financial Markets<\/h2>\n<p>Moody&#8217;s Baa Corporate bond spread declined to 1.73% after a sharp spike in March-April, indicating ready credit availability.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-15-baa.png?resize=525%2C372&#038;ssl=1\" alt=\"Moody's Baa Corporate Bond Spreads\" width=\"525\" height=\"372\" \/><\/p>\n<p>The uptrend in Bitcoin indicates strong animal spirits, which are likely to spill over to stocks.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-15-btc.png?resize=525%2C372&#038;ssl=1\" alt=\"Bitcoin (BTC)\" width=\"525\" height=\"372\" \/><\/p>\n<h2>Dollar &amp; Gold<\/h2>\n<p>The US Dollar Index is retracing to test resistance at 100 on the monthly chart below. Respect will likely confirm another decline, and our target of 90.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-15-dxy.png?resize=525%2C404&#038;ssl=1\" alt=\"Dollar Index\" width=\"525\" height=\"404\" \/><\/p>\n<p>Gold is consolidating in a bullish pennant on the monthly chart. Rising Trend Index troughs also signal buying pressure. A breakout above 3450 would strengthen our target of 4000 by year-end.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-15-gold.png?resize=525%2C404&#038;ssl=1\" alt=\"Spot Gold\" width=\"525\" height=\"404\" \/><\/p>\n<h2>Conclusion<\/h2>\n<p>Long bond yields are rising due to concerns over precarious public debt levels and growing fiscal deficits.<\/p>\n<p>Inflation is still a secondary consideration, but a sharp rise in the CPI for services in June warns of higher inflation in the broader economy. Services are less impacted by tariffs, which are only likely to affect CPI after current pauses have expired and tariff rates are settled.<\/p>\n<p>Liquidity remains strong, supporting high stock prices. A Dow Jones Industrial Average breakout above 45K would confirm the S&amp;P 500 bull market signal.<\/p>\n<p>Demand for gold is also strong, and a breakout above $3,450 per ounce would signal another advance, strengthening our target of $4,000 by year-end.<\/p>\n<h4>Acknowledgments<\/h4>\n<ul>\n<li>CoinDesk: <a href=\"https:\/\/www.coindesk.com\/price\/bitcoin\">Bitcoin<\/a><\/li>\n<li>Federal Reserve of St Louis: <a href=\" https:\/\/fred.stlouisfed.org\/\">FRED Data<\/a><\/li>\n<li>Reuters: <a href=\"https:\/\/www.reuters.com\/markets\/asia\/japan-election-angst-has-bond-investors-girding-jump-super-long-yields-2025-07-14\/\">Japan bond market blows out as election angst grips investors<\/a><\/li>\n<li>Institute for Supply Management: <a href=\"https:\/\/www.ismworld.org\/supply-management-news-and-reports\/reports\/ism-report-on-business\/\">ISM Report on Business<\/a><\/li>\n<li>Reuters: <a href=\"https:\/\/www.reuters.com\/markets\/europe\/german-30-year-yield-hits-21-month-top-continuing-steady-march-higher-2025-07-14\/\">German 30-year yield hits 21-month top, continuing steady march higher<\/a><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Summary Global long bond yields are rising, driven by fears over government debt levels A sharp jump in services CPI warns of rising inflation in the broad economy Strong liquidity boosts demand for stocks and for gold Global long bond yields are rising, driven by fears over government debt levels. Japan&#8217;s 30-year JGB yield jumped &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2025\/07\/16\/long-bonds-fall-as-cpi-rises-stocks-and-gold-remain-bullish\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Long bonds fall as CPI rises, stocks and gold remain bullish&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31,6,9,13,34,35],"tags":[69,6181,5056,818,854,5223,5335,6635,5224,5972,6239,1073,1113,6459,6055,3010,3204],"class_list":["post-62140","post","type-post","status-publish","format-standard","hentry","category-the-fed-banks-interest-rates","category-fixed-income","category-gold-precious-metals","category-inflation-economy","category-us-canada-countries-regions","category-us-dollar-index","tag-10-year-treasury-yield","tag-30-year-treasury-yield","tag-bitcoin-btc","tag-core-cpi","tag-cpi","tag-cpi-energy","tag-cpi-food","tag-cpi-services-x-shelter","tag-cpi-shelter","tag-cpi-sticky-prices","tag-cpi-trimmed-mean","tag-dollar-index","tag-dow-jones-industrial-average","tag-ism-services-prices","tag-moodys-baa-corporate-bond-spread","tag-sp-500","tag-spot-gold"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Long bonds fall as CPI rises, stocks and gold remain bullish - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Long bonds fall as CPI rises, stocks and gold remain bullish - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Summary Global long bond yields are rising, driven by fears over government debt levels A sharp jump in services CPI warns of rising inflation in the broad economy Strong liquidity boosts demand for stocks and for gold Global long bond yields are rising, driven by fears over government debt levels. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.\",\"sameAs\":[\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\",\"https:\/\/www.instagram.com\/colin_thepatientinvestor\",\"https:\/\/au.linkedin.com\/in\/colintwiggs\"],\"url\":\"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Long bonds fall as CPI rises, stocks and gold remain bullish - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"Long bonds fall as CPI rises, stocks and gold remain bullish - the patient investor","og_description":"Summary Global long bond yields are rising, driven by fears over government debt levels A sharp jump in services CPI warns of rising inflation in the broad economy Strong liquidity boosts demand for stocks and for gold Global long bond yields are rising, driven by fears over government debt levels. Japan&#8217;s 30-year JGB yield jumped &hellip; Continue reading \"Long bonds fall as CPI rises, stocks and gold remain bullish\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/07\/16\/long-bonds-fall-as-cpi-rises-stocks-and-gold-remain-bullish\/","og_site_name":"the patient investor","article_publisher":"https:\/\/www.facebook.com\/profile.php?id=61572934660810","article_author":"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","article_published_time":"2025-07-16T06:39:04+00:00","article_modified_time":"2025-07-16T06:40:34+00:00","og_image":[{"url":"https:\/\/www.incrediblecharts.com\/images\/2025\/2025-07-15-tyx-m.png","type":"","width":"","height":""}],"author":"Colin Twiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Colin Twiggs","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2025\/07\/16\/long-bonds-fall-as-cpi-rises-stocks-and-gold-remain-bullish\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2025\/07\/16\/long-bonds-fall-as-cpi-rises-stocks-and-gold-remain-bullish\/"},"author":{"name":"Colin Twiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454"},"headline":"Long bonds fall as CPI rises, stocks and gold remain bullish","datePublished":"2025-07-16T06:39:04+00:00","dateModified":"2025-07-16T06:40:34+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2025\/07\/16\/long-bonds-fall-as-cpi-rises-stocks-and-gold-remain-bullish\/"},"wordCount":631,"commentCount":0,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2025\/07\/16\/long-bonds-fall-as-cpi-rises-stocks-and-gold-remain-bullish\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2025\/2025-07-15-tyx-m.png","keywords":["10-Year Treasury Yield","30-year Treasury yield","Bitcoin (BTC)","Core CPI","CPI","CPI Energy","CPI Food","CPI Services-x-Shelter","CPI Shelter","CPI Sticky Prices","CPI Trimmed Mean","Dollar Index","Dow Jones Industrial Average","ISM Services - Prices","Moody's Baa Corporate Bond Spread","S&amp;P 500","Spot Gold"],"articleSection":["Banks &amp; Interest Rates","Fixed Income","Gold &amp; Precious Metals","Inflation","US &amp; Canada","US Dollar Index"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2025\/07\/16\/long-bonds-fall-as-cpi-rises-stocks-and-gold-remain-bullish\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2025\/07\/16\/long-bonds-fall-as-cpi-rises-stocks-and-gold-remain-bullish\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/07\/16\/long-bonds-fall-as-cpi-rises-stocks-and-gold-remain-bullish\/","name":"Long bonds fall as CPI rises, stocks and gold remain bullish - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2025\/07\/16\/long-bonds-fall-as-cpi-rises-stocks-and-gold-remain-bullish\/#primaryimage"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2025\/07\/16\/long-bonds-fall-as-cpi-rises-stocks-and-gold-remain-bullish\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2025\/2025-07-15-tyx-m.png","datePublished":"2025-07-16T06:39:04+00:00","dateModified":"2025-07-16T06:40:34+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2025\/07\/16\/long-bonds-fall-as-cpi-rises-stocks-and-gold-remain-bullish\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2025\/07\/16\/long-bonds-fall-as-cpi-rises-stocks-and-gold-remain-bullish\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/index.php\/2025\/07\/16\/long-bonds-fall-as-cpi-rises-stocks-and-gold-remain-bullish\/#primaryimage","url":"https:\/\/www.incrediblecharts.com\/images\/2025\/2025-07-15-tyx-m.png","contentUrl":"https:\/\/www.incrediblecharts.com\/images\/2025\/2025-07-15-tyx-m.png"},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2025\/07\/16\/long-bonds-fall-as-cpi-rises-stocks-and-gold-remain-bullish\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"Long bonds fall as CPI rises, stocks and gold remain bullish"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. He founded PVT Capital (AFSL No. 546090) in May 2023, which offers investment strategy and advice to wholesale clients.","sameAs":["https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/","https:\/\/www.instagram.com\/colin_thepatientinvestor","https:\/\/au.linkedin.com\/in\/colintwiggs"],"url":"https:\/\/thepatientinvestor.com\/index.php\/author\/investor\/"}]}},"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p9tQ4n-gag","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":59232,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/11\/16\/the-bond-market-rules\/","url_meta":{"origin":62140,"position":0},"title":"The bond market rules","author":"Colin Twiggs","date":"November 16, 2024","format":false,"excerpt":"Ten-year Treasury yields are testing resistance at 4.5%. Breakout would be bearish for both stocks and precious metals. Treasury Markets The 10-year Treasury yield continued its uptrend, testing resistance at 4.5%. Breakout would offer a short-term target of 4.75%. (Reuters) - Ongoing economic growth, a solid job market, and inflation\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"10-Year Treasury Yield","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-11-15-tnx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-11-15-tnx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-11-15-tnx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":50941,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/04\/11\/cpi-spoils-the-party\/","url_meta":{"origin":62140,"position":1},"title":"CPI spoils the party","author":"Colin Twiggs","date":"April 11, 2024","format":false,"excerpt":"The consumer price index (CPI) jumped to 3.5% in March, from a low of 3.1% in January 2024. Core CPI increased slightly to 3.8% but excludes energy which is the largest contributor to price increases. Monthly CPI increases have been trending up since October 2023, with annualized rates of 4.5%\u2026","rel":"","context":"In &quot;Crude Oil &amp; Natural Gas&quot;","block_context":{"text":"Crude Oil &amp; Natural Gas","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/crude-oil-natural-gas\/"},"img":{"alt_text":"CPI & Core CPI","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-04-10-cpi-core.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-04-10-cpi-core.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-04-10-cpi-core.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":60931,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/02\/13\/cpi-causes-a-sharp-rise-in-10-year-treasury-yields\/","url_meta":{"origin":62140,"position":2},"title":"CPI causes a sharp rise in 10-year Treasury yields","author":"Colin Twiggs","date":"February 13, 2025","format":false,"excerpt":"A rise in CPI to 3.0% caused a sharp increase in the 10-year Treasury yield and a corresponding fall in the S&P 500 despite ultra-easy financial market conditions. Consumer Prices Inflation remains stubbornly above the Fed's 2.0% target. The January 2025 BLS report shows that CPI increased by 3.0% over\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"CPI & Core CPI - Annual","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-02-12-cpi-core.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-02-12-cpi-core.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-02-12-cpi-core.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":29873,"url":"https:\/\/thepatientinvestor.com\/index.php\/2021\/12\/11\/gold-inflation-hits-39-year-high\/","url_meta":{"origin":62140,"position":3},"title":"Gold: Inflation hits 39-year high","author":"Colin Twiggs","date":"December 11, 2021","format":false,"excerpt":"CPI reached a 39-year high this month, growing by 6.81% in the 12 months to November. Food faces rising fertilizer prices and CPI Food & Beverages component is expected to climb further. Oil prices dipped with the outbreak of the new Omicron variant but could bounce back sharply if initial\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"CPI & Core CPI","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2021\/2021-12-10-cpi.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2021\/2021-12-10-cpi.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2021\/2021-12-10-cpi.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2021\/2021-12-10-cpi.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":52885,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/05\/16\/lower-cpi-boosts-stocks-and-precious-metals\/","url_meta":{"origin":62140,"position":4},"title":"Lower CPI boosts stocks and precious metals","author":"Colin Twiggs","date":"May 16, 2024","format":false,"excerpt":"Lower monthly CPI readings for April boosted financial markets, with long-term Treasury yields and the Dollar falling, while stocks and precious metals soared. CPI Inflation CPI eased to 3.4% for the 12 months to April, while core CPI was also lower at 3.6%. Monthly growth was close to 0.3% (3.6%\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"CPI & Core CPI","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-05-15-cpi-core.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-05-15-cpi-core.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-05-15-cpi-core.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":60389,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/01\/16\/inflation-dips\/","url_meta":{"origin":62140,"position":5},"title":"Inflation dips?","author":"Colin Twiggs","date":"January 16, 2025","format":false,"excerpt":"The 10-year Treasury yield retreated after the release of December CPI data, with breach of the rising trendline signaling a correction to test support at 4.5%. However, the monthly chart below shows the long-term uptrend is unchanged, with the 10-year yield expected to reach 5.0%. Breakout above resistance would warn\u2026","rel":"","context":"In &quot;Banks &amp; Interest Rates&quot;","block_context":{"text":"Banks &amp; Interest Rates","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/economy\/the-fed-banks-interest-rates\/"},"img":{"alt_text":"10-Year Treasury Yield","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-01-15-tnx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-01-15-tnx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-01-15-tnx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/62140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=62140"}],"version-history":[{"count":3,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/62140\/revisions"}],"predecessor-version":[{"id":62144,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/62140\/revisions\/62144"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=62140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=62140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=62140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}