[Institution: Short term US Treasury bonds are usually less sensitive to CPI than employment data] Odaily Planet Daily News Afonso Borges, an analyst of Baosheng Group, pointed out in a report that after the release of the US CPI report in May on Wednesday, the mild rebound led by short-term treasury bond bonds was "reasonable" because the inflation data was better than expected, which should reduce the risk of the Federal Reserve raising interest rates later this year. The fixed income analyst said: "Compared with the sharp fluctuations caused by the stronger than expected employment report last Friday, the market reaction is obviously more moderate." He pointed out that the average volatility of two-year treasury bond bond yield was only 3 basis points on the date of the release of the past 12 inflation reports. This fluctuation range is very moderate, less than half of the average fluctuation range on the day of the employment report release. (Golden Ten)