UK CPI was headline shock sitting on top of an underlying trend that continued to soften
• The UK reported a "headline shock" in Consumer Price Index (CPI) data, although underlying inflation trends continue to soften. • Market attention is now shifting toward the upcoming release of Federal Reserve minutes to gauge future monetary policy. • In European government bond markets, Denmark issued DGB bonds for 2028 and 2035, while Sweden sold SEK 5.0 billion in October 2036 SGB bonds.
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