The Day Ahead: PM Edition 2022-12-08

Now to see the PPI tomorrow morning

Bonds

A minor pullback today in ZB but recovered late in the day. The dominant short-term cycle is pointing up into next week which has both the CPI and the FOMC meeting. As much as I do think this move is very close to completion, fading prior to a drop under 130^09 is probably too aggressive.

Late in a or (iv)