{"id":64449,"date":"2026-05-13T08:42:47","date_gmt":"2026-05-13T08:42:47","guid":{"rendered":"https:\/\/thepatientinvestor.com\/?p=64449"},"modified":"2026-05-13T08:42:47","modified_gmt":"2026-05-13T08:42:47","slug":"cpi-jump-to-3-8-spooks-bond-market","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2026\/05\/13\/cpi-jump-to-3-8-spooks-bond-market\/","title":{"rendered":"CPI Jump to 3.8% Spooks Bond Market"},"content":{"rendered":"<h4>Key Points<\/h4>\n<ul>\n<li>Headline CPI jumped to 3.8% in April in response to rising energy prices.<\/li>\n<li>We expect Food CPI to jump sharply as rising costs pass through the supply chain over the next few months.<\/li>\n<li>10-year Treasury yields jumped to 4.46%, a bearish sign for stocks, but the Dow continues to test resistance at 50,000.<\/li>\n<li>The silver breakout above $80 per ounce continues.<\/li>\n<li>Surplus Gold and silver inventories in the US have been depleted, which will likely increase upward pressure on prices when the Persian Gulf crisis is resolved.<\/li>\n<\/ul>\n<hr \/>\n<p>The headline Consumer Price Index (CPI) jumped to 3.8% for the 12 months to April 2026, up from 3.3% in March. Core CPI (excluding food and energy) increased more gradually to 2.7% in April, up from 2.6% in the previous month.<\/p>\n<p><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2026\/2026-05-12-cpi-core.png?resize=525%2C372&#038;ssl=1\" alt=\"CPI &amp; Core CPI - Annual\" width=\"525\" height=\"372\" \/><\/p>\n<i>[Content protected for Premium, Australian Growth, International Growth, Market Analysis members only]<\/i>\n&#8230;.. If you are already a subscriber, please log in to continue reading:<\/p>\n<div style=\"width: 400px; max-width: 90%; margin: auto;\"><div class=\"WishListMember_LoginMergeCode\"><div class=\"wlm-ajax-login\"><div class=\"wlm-ajax-login-form\"><form action=\"https:\/\/thepatientinvestor.com\/wp-login.php\" method=\"post\" class=\"wlm_inpageloginform\">\n<input type=\"hidden\" name=\"wlm_redirect_to\" value=\"wishlistmember\" \/>\n<input type=\"hidden\" name=\"redirect_to\" value=\"wishlistmember\" \/>\n<div class=\"wlm3-form\">\n<div class=\"wlm3-form-group\"><label>Username or Email Address<\/label><input name=\"log\" class=\" wlm3-form-field fld\" id=\"wlm_form_field_log\" type=\"text\" value=\"\"><\/div>\n<div class=\"wlm3-form-group\"><label>Password<\/label><span class=\"wishlist-member-login-password\"><input name=\"pwd\" class=\" wlm3-form-field fld\" id=\"wlm_form_field_pwd\" type=\"password\" value=\"\"><a href=\"#\" class=\"dashicons dashicons-visibility\" aria-hidden=\"true\"><\/a><\/span><\/div>\n\n<div class=\"wlm3-form-group\"><label><input name=\"rememberme\" class=\" form-checkbox fld\" id=\"wlm_form_field_rememberme\" type=\"checkbox\"  value=\"forever\"> Remember Me<\/label><\/div>\n<p><input name=\"wp-submit\" class=\"\" id=\"wlm_form_field_wp-submit\" type=\"submit\" value=\"Login\"><\/p>\n\n<p>\n<a href=\"https:\/\/thepatientinvestor.com\/wp-login.php?action=lostpassword\">Lost your Password?<\/a>\n<\/p>\n<\/div>\n<\/form><\/div><form method=\"post\" action=\"https:\/\/thepatientinvestor.com\/wp-login.php?action=wishlistmember-otl\" class=\"wlm-ajax-login-form-otl\" style=\"display: none;\"><div class=\"wlm-ajax-login-notice -permanent\">Please enter your username or email address. You will receive an email message with a one-time login link.<\/div><div class=\"wlm3-form\"><div class=\"wlm3-form-group\"><label>Username or Email Address<\/label><input name=\"user_login\" class=\" wlm3-form-field fld\" id=\"wlm_form_field_user_login\" type=\"text\" value=\"\"><\/div><p><input name=\"wp-submit\" class=\"\" id=\"wlm_form_field_wp-submit\" type=\"submit\" value=\"Get One-Time Login Link\"><\/p><input name=\"action\" class=\" wlm3-form-field fld\" id=\"wlm_form_field_action\" type=\"hidden\" value=\"wishlistmember-otl\"><p><a href=\"https:\/\/thepatientinvestor.com\/wp-login.php?action=login\">Login using username\/email and password<\/a><\/p><\/div><\/form><form method=\"post\" action=\"https:\/\/thepatientinvestor.com\/wp-login.php?action=lostpassword\" class=\"wlm-ajax-login-form-lost\" style=\"display: none;\"><div class=\"wlm-ajax-login-notice -permanent\">Please enter your username or email address. You will receive an email message with instructions on how to reset your password.<\/div><div class=\"wlm3-form\"><div class=\"wlm3-form-group\"><label>Username or Email Address<\/label><input name=\"user_login\" class=\" wlm3-form-field fld\" id=\"wlm_form_field_user_login\" type=\"text\" value=\"\"><\/div><p><input name=\"wp-submit\" class=\"\" id=\"wlm_form_field_wp-submit\" type=\"submit\" value=\"Get New Password\"><\/p><input name=\"action\" class=\" wlm3-form-field fld\" id=\"wlm_form_field_action\" type=\"hidden\" value=\"lostpassword\"><p><a href=\"https:\/\/thepatientinvestor.com\/wp-login.php?action=login\">Log in<\/a><\/p><\/div><\/form><\/div><\/div><\/div>\n<p>If you are not a subscriber, to find out more <a href=\"https:\/\/thepatientinvestor.com\/index.php\/subscribe\/\">click here<\/a>\n","protected":false},"excerpt":{"rendered":"<p>Key Points Headline CPI jumped to 3.8% in April in response to rising energy prices. We expect Food CPI to jump sharply as rising costs pass through the supply chain over the next few months. 10-year Treasury yields jumped to 4.46%, a bearish sign for stocks, but the Dow continues to test resistance at 50,000. &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2026\/05\/13\/cpi-jump-to-3-8-spooks-bond-market\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;CPI Jump to 3.8% Spooks Bond Market&#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":[9,13,34],"tags":[69,818,854,5223,5335,5224,1113,1578,7294,7295,3124,3450],"class_list":["post-64449","post","type-post","status-publish","format-standard","hentry","category-gold-precious-metals","category-inflation-economy","category-us-canada-countries-regions","tag-10-year-treasury-yield","tag-core-cpi","tag-cpi","tag-cpi-energy","tag-cpi-food","tag-cpi-shelter","tag-dow-jones-industrial-average","tag-gold-2","tag-gold-inventory","tag-net-exports-of-nonmonetary-gold","tag-silver-2","tag-trade-deficit"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CPI Jump to 3.8% Spooks Bond Market - 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=\"CPI Jump to 3.8% Spooks Bond Market - the patient investor\" \/>\n<meta property=\"og:description\" content=\"Key Points Headline CPI jumped to 3.8% in April in response to rising energy prices. We expect Food CPI to jump sharply as rising costs pass through the supply chain over the next few months. 10-year Treasury yields jumped to 4.46%, a bearish sign for stocks, but the Dow continues to test resistance at 50,000. &hellip; Continue reading &quot;CPI Jump to 3.8% Spooks Bond Market&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/thepatientinvestor.com\/index.php\/2026\/05\/13\/cpi-jump-to-3-8-spooks-bond-market\/\" \/>\n<meta property=\"og:site_name\" content=\"the patient investor\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/profile.php?id=61572934660810\" \/>\n<meta property=\"article:author\" content=\"https:\/\/facebook.com\/people\/The-Patient-Investor\/61572934660810\/\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-13T08:42:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-05-12-cpi-core.png\" \/>\n<meta name=\"author\" content=\"Colin Twiggs\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Colin Twiggs\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"7 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/05\\\/13\\\/cpi-jump-to-3-8-spooks-bond-market\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/05\\\/13\\\/cpi-jump-to-3-8-spooks-bond-market\\\/\"},\"author\":{\"name\":\"Colin Twiggs\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\"},\"headline\":\"CPI Jump to 3.8% Spooks Bond Market\",\"datePublished\":\"2026-05-13T08:42:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/05\\\/13\\\/cpi-jump-to-3-8-spooks-bond-market\\\/\"},\"wordCount\":883,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/05\\\/13\\\/cpi-jump-to-3-8-spooks-bond-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2026\\\/2026-05-12-cpi-core.png\",\"keywords\":[\"10-Year Treasury Yield\",\"Core CPI\",\"CPI\",\"CPI Energy\",\"CPI Food\",\"CPI Shelter\",\"Dow Jones Industrial Average\",\"Gold\",\"Gold Inventory\",\"Net Exports of NonMonetary Gold\",\"silver\",\"trade deficit\"],\"articleSection\":[\"Gold &amp; Precious Metals\",\"Inflation\",\"US &amp; Canada\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/05\\\/13\\\/cpi-jump-to-3-8-spooks-bond-market\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/05\\\/13\\\/cpi-jump-to-3-8-spooks-bond-market\\\/\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/05\\\/13\\\/cpi-jump-to-3-8-spooks-bond-market\\\/\",\"name\":\"CPI Jump to 3.8% Spooks Bond Market - the patient investor\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/05\\\/13\\\/cpi-jump-to-3-8-spooks-bond-market\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/05\\\/13\\\/cpi-jump-to-3-8-spooks-bond-market\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2026\\\/2026-05-12-cpi-core.png\",\"datePublished\":\"2026-05-13T08:42:47+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/05\\\/13\\\/cpi-jump-to-3-8-spooks-bond-market\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/05\\\/13\\\/cpi-jump-to-3-8-spooks-bond-market\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/05\\\/13\\\/cpi-jump-to-3-8-spooks-bond-market\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2026\\\/2026-05-12-cpi-core.png\",\"contentUrl\":\"https:\\\/\\\/www.incrediblecharts.com\\\/images\\\/2026\\\/2026-05-12-cpi-core.png\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/index.php\\\/2026\\\/05\\\/13\\\/cpi-jump-to-3-8-spooks-bond-market\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/thepatientinvestor.com\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"CPI Jump to 3.8% Spooks Bond Market\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#website\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"name\":\"The Patient Investor\",\"description\":\"Smart. Strategic. Unfiltered. \",\"publisher\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/thepatientinvestor.com\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#organization\",\"name\":\"The Patient Investor Pty Ltd\",\"url\":\"https:\\\/\\\/thepatientinvestor.com\\\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/logo\\\/image\\\/\",\"url\":\"https:\\\/\\\/i0.wp.com\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"contentUrl\":\"https:\\\/\\\/i0.wp.com\\\/thepatientinvestor.com\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1\",\"width\":250,\"height\":250,\"caption\":\"The Patient Investor Pty Ltd\"},\"image\":{\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/logo\\\/image\\\/\"},\"sameAs\":[\"https:\\\/\\\/www.facebook.com\\\/profile.php?id=61572934660810\",\"https:\\\/\\\/www.instagram.com\\\/colin_thepatientinvestor\"]},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/thepatientinvestor.com\\\/#\\\/schema\\\/person\\\/d42b18d516a80149d739845749ac6454\",\"name\":\"Colin Twiggs\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g\",\"caption\":\"Colin Twiggs\"},\"description\":\"Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. 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":"CPI Jump to 3.8% Spooks Bond Market - the patient investor","robots":{"index":"noindex","follow":"follow"},"og_locale":"en_US","og_type":"article","og_title":"CPI Jump to 3.8% Spooks Bond Market - the patient investor","og_description":"Key Points Headline CPI jumped to 3.8% in April in response to rising energy prices. We expect Food CPI to jump sharply as rising costs pass through the supply chain over the next few months. 10-year Treasury yields jumped to 4.46%, a bearish sign for stocks, but the Dow continues to test resistance at 50,000. &hellip; Continue reading \"CPI Jump to 3.8% Spooks Bond Market\"","og_url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/05\/13\/cpi-jump-to-3-8-spooks-bond-market\/","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":"2026-05-13T08:42:47+00:00","og_image":[{"url":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-05-12-cpi-core.png","type":"","width":"","height":""}],"author":"Colin Twiggs","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Colin Twiggs","Est. reading time":"7 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/05\/13\/cpi-jump-to-3-8-spooks-bond-market\/#article","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/05\/13\/cpi-jump-to-3-8-spooks-bond-market\/"},"author":{"name":"Colin Twiggs","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454"},"headline":"CPI Jump to 3.8% Spooks Bond Market","datePublished":"2026-05-13T08:42:47+00:00","mainEntityOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/05\/13\/cpi-jump-to-3-8-spooks-bond-market\/"},"wordCount":883,"commentCount":0,"publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/05\/13\/cpi-jump-to-3-8-spooks-bond-market\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-05-12-cpi-core.png","keywords":["10-Year Treasury Yield","Core CPI","CPI","CPI Energy","CPI Food","CPI Shelter","Dow Jones Industrial Average","Gold","Gold Inventory","Net Exports of NonMonetary Gold","silver","trade deficit"],"articleSection":["Gold &amp; Precious Metals","Inflation","US &amp; Canada"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/thepatientinvestor.com\/index.php\/2026\/05\/13\/cpi-jump-to-3-8-spooks-bond-market\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/05\/13\/cpi-jump-to-3-8-spooks-bond-market\/","url":"https:\/\/thepatientinvestor.com\/index.php\/2026\/05\/13\/cpi-jump-to-3-8-spooks-bond-market\/","name":"CPI Jump to 3.8% Spooks Bond Market - the patient investor","isPartOf":{"@id":"https:\/\/thepatientinvestor.com\/#website"},"primaryImageOfPage":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/05\/13\/cpi-jump-to-3-8-spooks-bond-market\/#primaryimage"},"image":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/05\/13\/cpi-jump-to-3-8-spooks-bond-market\/#primaryimage"},"thumbnailUrl":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-05-12-cpi-core.png","datePublished":"2026-05-13T08:42:47+00:00","breadcrumb":{"@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/05\/13\/cpi-jump-to-3-8-spooks-bond-market\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/thepatientinvestor.com\/index.php\/2026\/05\/13\/cpi-jump-to-3-8-spooks-bond-market\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/05\/13\/cpi-jump-to-3-8-spooks-bond-market\/#primaryimage","url":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-05-12-cpi-core.png","contentUrl":"https:\/\/www.incrediblecharts.com\/images\/2026\/2026-05-12-cpi-core.png"},{"@type":"BreadcrumbList","@id":"https:\/\/thepatientinvestor.com\/index.php\/2026\/05\/13\/cpi-jump-to-3-8-spooks-bond-market\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/thepatientinvestor.com\/"},{"@type":"ListItem","position":2,"name":"CPI Jump to 3.8% Spooks Bond Market"}]},{"@type":"WebSite","@id":"https:\/\/thepatientinvestor.com\/#website","url":"https:\/\/thepatientinvestor.com\/","name":"The Patient Investor","description":"Smart. Strategic. Unfiltered. ","publisher":{"@id":"https:\/\/thepatientinvestor.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/thepatientinvestor.com\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/thepatientinvestor.com\/#organization","name":"The Patient Investor Pty Ltd","url":"https:\/\/thepatientinvestor.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/","url":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","contentUrl":"https:\/\/i0.wp.com\/thepatientinvestor.com\/wp-content\/uploads\/2026\/03\/cropped-cropped-patience-bg-1-inverted-400x400-1.png?fit=250%2C250&ssl=1","width":250,"height":250,"caption":"The Patient Investor Pty Ltd"},"image":{"@id":"https:\/\/thepatientinvestor.com\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/profile.php?id=61572934660810","https:\/\/www.instagram.com\/colin_thepatientinvestor"]},{"@type":"Person","@id":"https:\/\/thepatientinvestor.com\/#\/schema\/person\/d42b18d516a80149d739845749ac6454","name":"Colin Twiggs","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/29a4e13250381b203ea835108c2d5eee4947439713c271ae5ba60afb53194432?s=96&d=mm&r=g","caption":"Colin Twiggs"},"description":"Colin Twiggs is a former investment banker with almost 40 years of experience in financial markets. 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-gLv","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":62140,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/07\/16\/long-bonds-fall-as-cpi-rises-stocks-and-gold-remain-bullish\/","url_meta":{"origin":64449,"position":0},"title":"Long bonds fall as CPI rises, stocks and gold remain bullish","author":"Colin Twiggs","date":"July 16, 2025","format":false,"excerpt":"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.\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":"30-Year Treasury Yield","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-15-tyx-m.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-15-tyx-m.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-07-15-tyx-m.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":61664,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/05\/14\/low-april-cpi-lifts-sp-500-but-the-outlook-is-bearish\/","url_meta":{"origin":64449,"position":1},"title":"Low CPI lifts S&#038;P 500 despite bearish outlook","author":"Colin Twiggs","date":"May 14, 2025","format":false,"excerpt":"Summary Core CPI grew at an annualized rate of 2.8% in April, showing no effect from increased tariffs The S&P 500 continues its advance However, a weakening dollar and rising long-term interest rates increase the risk of a correction Efforts by the Trump administration to shrink the fiscal deficit are\u2026","rel":"","context":"In &quot;Fixed Income&quot;","block_context":{"text":"Fixed Income","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/fixed-income\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-14-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-14-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-05-14-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":55618,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/07\/12\/falling-cpi-triggers-rotation-in-stocks\/","url_meta":{"origin":64449,"position":2},"title":"Falling CPI triggers rotation in stocks","author":"Colin Twiggs","date":"July 12, 2024","format":false,"excerpt":"The low June CPI print caused a sharp fall in long-term interest rates, setting off big moves in stocks, bonds, and precious metals. Treasuries Ten-year Treasury yields fell to 4.2% in response to the low CPI print, anticipating an early rate cut. Follow-through below 4.2% would offer a target of\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\/2024-07-11-tnx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-07-11-tnx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-07-11-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":64449,"position":3},"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":48393,"url":"https:\/\/thepatientinvestor.com\/index.php\/2024\/02\/14\/markets-stung-by-up-turn-in-monthly-cpi\/","url_meta":{"origin":64449,"position":4},"title":"Markets stung by up-turn in monthly CPI","author":"Colin Twiggs","date":"February 14, 2024","format":false,"excerpt":"The S&P 500 dropped to 4953 as markets reacted to an up-turn in monthly CPI inflation numbers. Reversal in the Russell 2000 Small Caps ETF (IWM) was especially sharp, retreating below support at 200, as investors re-assessed market risk. Ten-year Treasury yields climbed to 4.32%, breakout above resistance to indicate\u2026","rel":"","context":"In &quot;Gold &amp; Precious Metals&quot;","block_context":{"text":"Gold &amp; Precious Metals","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/gold-precious-metals\/"},"img":{"alt_text":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-13-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-13-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2024\/2024-02-13-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":61944,"url":"https:\/\/thepatientinvestor.com\/index.php\/2025\/06\/12\/low-cpi-but-stocks-hesitant-as-us-iran-tensions-flare\/","url_meta":{"origin":64449,"position":5},"title":"Low CPI but stocks hesitant as US-Iran tensions flare","author":"Colin Twiggs","date":"June 12, 2025","format":false,"excerpt":"Summary Stocks remain cautious despite low May CPI inflation Oil prices jumped on escalating tensions in the Middle East The dollar continues to test long-term support, threatening another decline Gold is again testing resistance at $3,400 per ounce The S&P 500 remains tentative due to uncertainty over trade policy, the\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":"S&P 500","src":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-06-11-spx.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-06-11-spx.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.incrediblecharts.com\/images\/2025\/2025-06-11-spx.png?resize=525%2C300&ssl=1 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/64449","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=64449"}],"version-history":[{"count":1,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/64449\/revisions"}],"predecessor-version":[{"id":64450,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/64449\/revisions\/64450"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=64449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=64449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=64449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}