U.S. Treasury bonds continued to slide, with 10-year and 30-year U.S. bond yields reaching their highest levels of the day.

Standard Chartered CEO Bill Winters: Interest rate cuts are inevitable.

The Bank of Spain: Spain’s unemployment rate is expected to reach 11.6% in 2024 and drop to 11.3% in 2026.

Bank of Spain: The budget deficit is expected to be 3.5% of GDP this year, 2025 and 2026.

The Bank of Spain: The EU’s adjusted inflation rate is expected to be 2.7% this year (previous forecast was 3.3%), the EU’s adjusted inflation rate is expected to be 1.9% in 2025, and 1.7% in 2026.

The Bank of Spain: GDP is expected to grow by 0.4% in the first quarter of 2024. The economic growth forecast for 2024 is raised from 1.6% to 1.9% (2.5% in 2023). The economy is expected to grow by 1.9% in 2025 and 1.7% in 2026.

The Baltic Dry Bulk Index fell 2.61% to 2,315 points.

Kathy Jones, chief fixed income strategist at Charles Schwab, commented on the U.S. CPI report: This report may be seen as a reason to continue to maintain the current policy. Despite the volatility in the data, the downward trend in inflation appears to be leveling off, and the Fed wants to see inflation continue to decline before cutting interest rates.

The U.S. 10-year Treasury bond yield turned higher on the day and is now at 4.10%.

The United States Red Book commercial retail sales for the week ending March 9 had an annual rate of 3%, compared with the previous value of 3.1%.

According to technology media TechCrunch: Google confirmed that it has restricted election-related queries to Gemini globally.

U.S. stock index futures extended their gains, with S&P 500 futures up 0.60%, Nasdaq 100 futures up 0.8%, and Dow futures up 0.28%.

The European Stokes 600 index extended its gains and hit a record high, rising 0.6% on the day.

The German 10-year government bond yield turned lower after the U.S. CPI data and was now down 1.2 basis points to 2.286%.