🔥Bitunix Analyst: CPI incorporates energy shocks and interest rate expectation re-pricing intertwine, with the market primarily driven by inflation expectations for risk pricing

On April 10th, market focus shifted from the geopolitical conflict itself to its substantive transmission to inflation structure. As the US-Iran ceasefire remains a fragile balance, the previous rapid rise in oil prices has begun to be integrated into economic data systems, with tonight’s CPI release becoming the first key indicator reflecting the "Iran premium." Against the backdrop of resilient employment data, the market has shifted from recession fears to a pricing logic of rising inflation again, which challenges the risk assets previously supported by rate cut expectations. From policy and market reactions, the bond market has already entered a defensive stance, with traders focusing on positioning for yield increases as a hedge, indicating that the market’s sensitivity to inflation exceeding expectations is intensifying. Meanwhile, within the Federal Reserve, internal discussions have begun…
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